Each Member of the Fed Board of Governors Is Appointed

question 9

Multiple Choice

Each member of the Fed Board of Governors is appointed for a term of:

• A)8 years
• B)12 years
• C)14 years
• D)none of the above

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Definitions:

Strategic Control

The process of monitoring and assessing the suitability of a strategy against the organizational goals and making necessary adjustments.

Modular Organization

Refers to an organizational structure that is divided into separate, interchangeable units or modules, each with a specific function.

Core Competencies

are the unique capabilities or advantages that give an organization a competitive edge in the market or industry.

Autonomy

The degree to which a job provides an employee with discretion and independence to schedule their work and determine how it is done.