A _____ Requires Workers to Comply with Orders from a Boss

question 11

Multiple Choice

A _____ requires workers to comply with orders from a boss, who need not consult them when making decisions, and to be paid for their cooperation.

• A)residual claimant
• B)hierarchy
• C)shareholder
• D)cooperative

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Definitions:

Money Supply

The total amount of monetary assets available in an economy at a specific time, including currency and various types of bank deposits.

Open Market Purchases

Actions by a central bank to buy securities in the open market to increase the money supply and lower interest rates, aiming to stimulate economic activity.

Reserve Requirement

The minimum amount of reserves a bank is mandated to hold by central banking authorities, akin to the reserve ratio.

Reserve Ratio

A central bank regulation that sets the minimum fraction of customer deposits and notes that each commercial bank must hold as reserves rather than lending out.