Automatic Stabilizers in the United States Are

question 59

Multiple Choice

Automatic stabilizers in the United States are:

• A)​changes in government transfer payments and tax revenues that vary automatically and inversely to business cycle changes.
• B)​controlled by the Federal Reserve System to help control the business cycle.
• C)​able to completely eliminate all the lag problems associated with fiscal policy.
• D)​none of the above.

Understand the principles and methods of Total Quality Management.

Recognize the significance and approach of Lean Process Improvement.

Identify the objectives and techniques of Six Sigma.

Comprehend the concept and application of the Zero-Defects Approach.

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Definitions:

Adaptive Culture

An organizational culture characterized by flexibility, and the ability to change in response to external conditions.

Dominant Culture

The set of shared beliefs, values, norms, and practices that is accepted by the majority of members in a society or organization.

Deculturation

The process of losing one's cultural identity, usually as the result of external pressures or assimilation into another culture.

Espoused Values

The declared set of values and norms that an organization claims to strive for and hold dear, which may or may not be reflected in its actual practices.