Which of these is a subjective evaluation method used for assessing an employee's compensation?
A. Across-firm performance benchmarking
B. Ratcheting up of standards
C. Output-based system
D. Goal-based system
Answer: D
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The following is an example of risk aversion
a. those applying for a well-paid job tend to be unqualified b. more reckless drivers opt for cars with fewer safety devices c. the contractor with the lowest bid for a is the most qualified d. Initial Public Offerings (IPOs) seek investors when prospects look good
What is the relationship between aggregate expenditure and aggregate demand?
What will be an ideal response?
The debt ceiling refers to
a. the point at which debt becomes so high that the government can become bankrupt. b. the maximum legal amount for given year’s fiscal deficit. c. the maximum amount of debt that can be accumulated without going back to Congress to approve a new level. d. the amount of debt at which government spending cuts and tax increases automatically occur.
If a firm is producing a given level of output in a technically efficient manner, then it must be the case that
A. this is the lowest cost method of producing that output. B. this output level is the most that can be produced with the given levels of inputs. C. each input is producing its maximum marginal product. D. both a and c E. all of the above