The Cash for Clunkers Program Was Intended to Help the US

question 93

Multiple Choice

The Cash for Clunkers program was intended to help the US auto industry and help the environment.Which of the following is often cited as a unintended consequence of the program?

• A)it contributed to an increase in the US trade deficit
• B)it helped Toyota surpass GM as the #1 auto maker in the world
• C)it helped used car dealers more than new car dealers
• D)it increased the federal deficit
• E)it led to an acceleration of inflation in the USeconomy

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Definitions:

Top-down Change

What occurs when change initiatives come from senior management.

Incremental Change

Gradual, step-by-step modifications or improvements made to processes, systems, or products over time, rather than dramatic or radical transformations.

Outside-in Change

An approach to change management that starts with external market or environmental sentiments and trends, then works inward to adjust organizational strategies, structures, and processes.

Inside-out Change

Transformation initiated from within an organization or individual, focusing on internal improvements or developments to effect external outcomes.