Statement I: the Gold Standard Will Not Work Well When

question 24

Multiple Choice

Statement I: The gold standard will not work well when the world's gold supply does not increase as quickly as the world's need for money.
Statement II: The years the world used the gold standard were the closest the world has ever come to having an international currency.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Work Standards

Established expectations and requirements for performance and behavior in the workplace, guiding how tasks should be performed.

Incentive Wage Plans

Compensation schemes designed to motivate employees by linking pay directly to performance or productivity levels.

Motion Study

An analysis technique aimed at improving work efficiency by breaking down tasks into their fundamental motions and eliminating those that are unnecessary.

Administrative Principles

Fundamental rules and guidelines related to the organization and management of businesses, focusing on efficiency and planning.