When Inflation Rises,people Will Desire to Hold

question 9

Multiple Choice

When inflation rises,people will desire to hold

• A)less money and will go to the bank less frequently.
• B)less money and will go to the bank more frequently.
• C)more money and will go to the bank less frequently.
• D)more money and will go to the bank more frequently.

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Definitions:

Nonprogrammed Decision

A decision made in response to situations that are unique, poorly defined and largely unstructured, and have important consequences for the organization.

Programmed Decision

A decision that is made using an established process or procedure, typically for routine and repetitive business issues.

Implementation Phase

The stage in a project or plan where strategies or ideas are executed and put into action.

Strategic Planning Process

A systematic approach organizations use to envision a desired future and translate this vision into broadly defined goals or objectives and a sequence of steps to achieve them.