What factors determine how centralized or decentralized the decision-making in an organization should be?
The determining factors are the firms methods of production and the markets in which it operates. If the firm is diversified and operates in many markets, decentralization of decision-making is likely to be more efficient.
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The unemployment rate is
A) the percentage of the labor force that is unemployed. B) the percentage of the number employed that is unemployed. C) the percentage of the working-age population that is employed. D) the percentage of the working-age population that is unemployed. E) the percentage of the labor force that is employed.
Compared to the short run, the long-run market supply curve is
a. less elastic b. equally elastic c. more elastic d. always negatively sloped e. None of the answers is correct.
If Nate takes out a $5,000 loan for one year at 10 percent annual interest, the principal is:
A. $5,000. B. $5,500. C. $500. D. $1000.
Government can raise GDP by $1,000 billion by
A. raising government purchases B. reducing taxes C. increasing transfer payments D. all of the above