While Economic Expansions Average About Three and One Half Years

question 111

Multiple Choice

While economic expansions average about three and one half years in duration,economic contractions average about

• A)one year in duration
• B)two years in duration
• C)three years in duration
• D)four years in duration
• E)five years in duration

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Definitions:

Shared Community

A group of individuals with common interests, values, or goals who collaborate and support each other.

Organizational Ethics

The principles and standards that guide behavior within the context of a business or organization.

Value-Based Management

A management approach that ensures corporations are run consistently on values that maximize the value for shareholders.

Normative Guidance

Principles or recommendations based on norms or standards intended to direct or influence behavior and decision-making.