An Objective That Should Be Attained Within 1-5 Years Is

question 36

Multiple Choice

An objective that should be attained within 1-5 years is defined as a(n) :

• A) Intermediate goal
• B) Long-term goal
• C) Short-term goal
• D) Personal mission statement

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Definitions:

Economic Recession

An economic recession is a significant decline in economic activity across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Regulated Monopolies

Market situations in which local, state, or federal government grants exclusive rights in a certain market to a single firm.

Economic Recession

a period of temporary economic decline characterized by a decrease in GDP, income, employment, and trade, typically lasting from six months to a year.

Communism

Economic system in which all property would be shared equally by the people of a community under the direction of a strong central government.