The Operational Lag Seemingly Did Not Apply in the Case

question 44

Multiple Choice

The operational lag seemingly did not apply in the case of the 2003 tax cut because it took

• A)several months in 2003 for Congress to agree on a tax cut package even after they had agreed on having one.
• B)only a month or two from the passage of the 2003 tax cut to the issuance to rebate checks.
• C)until Fall 2001 to recognize that the recession of 2001 had started January 2001.
• D)until Summer 2003 to recognize that the recession of 2001 ended in December of 2001.

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Definitions:

Tight Controls

Strict rules and monitoring systems set up to regulate processes and ensure efficiency and compliance within an organization.

Legalistic Management

An approach to management that heavily relies on formal rules, regulations, and procedures to make decisions and solve problems.

Theory Y

A management style that assumes employees are inherently motivated and responsible, favoring a participative approach.

Close Supervision

The process of overseeing employees' work and tasks very closely, with frequent monitoring and guidance.