Which of the Following Is the First and Most Serious

question 10

Multiple Choice

Which of the following is the first and most serious mistake committed by Ron Johnson, the chief executive officer of J.C. Penney Company, Inc.?

• A) Creating a silo work environment in the company
• B) Ignoring the company's traditional core customers
• C) Downsizing the company
• D) Decentralizing the company's organizational structure

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Definitions:

Year

A period of time consisting of 12 months or 365 days (366 in a leap year), used as a basic unit of time for calendrical purposes.

Trade Surplus

A situation in which a country's exports exceed its imports, leading to a positive balance of trade.

Export

Goods or services sold by a country to another country, contributing positively to the selling country's balance of trade.

C + I + G Curve

An economic model representing the total spending in an economy, comprising Consumption (C), Investment (I), and Government Expenditures (G).