In Which Industry or Sector of the Economy Is Output

question 138

Multiple Choice

In which industry or sector of the economy is output least likely to be affected by the business cycle?

• A) Housing construction
• B) Automobile production
• C) Agricultural commodities
• D) Capital goods production

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Definitions:

Western Electric Company

A historical telecommunications company that played a pivotal role in the development and manufacture of telephone and electrical equipment, notably conducting the Hawthorne Studies which had a foundational impact on organizational behavior studies.

Lucent Technologies

was a multinational telecommunications equipment company, known for its innovations in optical, data, and voice networking technology, before merging with Alcatel in 2006.

Managerial Ethics

Refers to the moral principles and standards that guide the behavior of individuals in managerial positions, influencing their decision-making and leadership practices.

Corporate Social Responsibility

A business model that incorporates self-regulation into a company's business model to ensure its activities have a positive impact on society, the environment, and the economy.