With Deflation People Will

question 168

Multiple Choice

With deflation people will

• A)buy goods earlier than they had originally planned.
• B)feel compelled to borrow money.
• C)delay their purchases of goods in hopes prices will fall further.
• D)see their paycheck rise as bosses seek to reward high performers.

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Definitions:

Shadow Plan

A backup plan or strategy that is developed to be used as an alternative in case the original plan fails or cannot be implemented.

Managerial Firefighting

The practice where managers spend a disproportionate amount of time addressing urgent problems rather than focusing on strategic planning and prevention.

Crisis Management

The process of planning for and responding to unexpected and potentially harmful events, aiming to minimize damage and recover quickly.

Strategic Planning

A systematic process for envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.