Which of the following is a disadvantage of the U-form structure?
a. In case of multiple products sold in different markets, a U-form structure is difficult to maintain.
b. A U-form structure requires a larger staff to evaluate top-level decision making than other organization structures.
c. A U-form structure necessitates a multiple-level decision-making process.
d. The amount of information that is considered for decision-making in a U-form structure is less than other structures.
A
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A ________ describes the possible moves in a game in sequence and lists the payoffs to each possible combination of moves.
A. game graph B. multi-period game C. payoff matrix D. decision tree
Suppose there are only two goods: food and clothing. What does it mean for the U.S. to have a comparative advantage in food production?
a. The U.S. needs fewer resources to grow a given amount of food than do other nations. b. The U.S. sacrifices less clothing production to grow a given amount of food than do other nations. c. In the U.S., food production needs fewer resources than does a comparable amount of clothing production. d. In the U.S., food production costs less than does clothing production.
When a monopolist is able to price-discriminate: a. its profits tend to increase and its output tends to fall. b. both its profits and output tend to increase
c. both its profits and output tend to decrease. d. its profits tend to fall and its output tends to increase.
If government increases the size of its cyclically adjusted surplus, we can:
A. assume that government is causing interest rates to rise. B. not determine government's impact on the economy without also knowing the status of the actual budget. C. assume that government is having a contractionary effect on the economy. D. assume that government is having an expansionary effect on the economy.