Which of the Following Is Correct Concerning Recessions

question 353

Multiple Choice

Which of the following is correct concerning recessions?

• A)They come at fairly regular and predictable intervals.
• B)They are associated with comparatively large declines in investment spending.
• C)They are any period when real GDP growth is less than average.
• D)They tend to be associated with falling unemployment rates.

---

Definitions:

Kaizen

A Japanese philosophy emphasizing continuous improvement in all aspects of life, including the workplace, through small and incremental changes.

TQM Managers

Managers who are responsible for implementing Total Quality Management principles, focusing on continuous improvement and customer satisfaction.

Zero Defects

A quality management concept aiming for the reduction and elimination of defects or errors in manufacturing or service processes.

Total Quality Management

An organization-wide approach to continuous improvement that emphasizes quality, customer satisfaction, and employee participation in all aspects of the company.