___________ Problems Present Themselves and Must Be Attended to by the Managers

question 92

Multiple Choice

___________ problems present themselves and must be attended to by the managers.

• A) Crisis but not routine
• B) Crisis and routine
• C) Crisis and opportunity
• D) Crisis, opportunity and routine

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Definitions:

Business Cycle

The natural rise and fall of economic growth that occurs over time, consisting of periods of expansion, peak, contraction, and trough.

Cyclical Industry

An industry whose performance is heavily dependent on the overall economic cycle, experiencing higher demand during economic upturns and lower demand during downturns.

Automobile Industry

A global sector that encompasses the design, manufacturing, marketing, and selling of motor vehicles, one of the world's most important economic sectors.

Trough

The transition point between recession and recovery.