In 2007, the Market Essentially Collapsed Due To

question 59

Multiple Choice

In 2007, the market essentially collapsed due to:

• A) the collapse of the telecommunication industry.
• B) the dot-com burst.
• C) the mortgage and credit crises.
• D) the collapse of the automobile industry.

---

Definitions:

Debasement

The reduction or lowering in value, quality, or character, often occurring through degradation or humiliation.

Hazing

The practice of imposing difficult or humiliating tasks on new members of a group as a form of initiation.

Training

The act of teaching or developing in oneself or others any skills and knowledge that relate to specific useful competencies.

Trenches

Long, narrow ditches used in warfare to protect soldiers from enemy fire, or metaphorically, to denote being deeply immersed in a challenging or demanding situation.