According to the text, Pepsi has a(n)
A) M-form of organization.
B) U-form of organization.
C) T-form of organization.
D) matrix.
D
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A welding machine is an example of a factor of production if it is being used to produce automobiles
Indicate whether the statement is true or false
Archie can paint 5 backyard fences or repair 2 cars in 8 hours, while Austin can paint 4 backyard fences or repair 2 cars in 8 hours. Identify the correct statement
a. Archie is relatively better in repairing cars. b. Archie is relatively better in painting fences. c. Austin is relatively better in painting fences. d. Archie and Austin are equally good in painting fences. e. Neither Archie not Austin are good in repairing cars.
The World Trade Organization (WTO)
a. is the successor to GATT b. administers trade agreements and resolves trade disputes c. comprises more than 150 member nations d. all of the above e. (a) and (b) only
Signals are
A) used by economic decision-makers to inform others about their plans. B) the method by which government planners inform economic decision-makers about the types of decisions they should make. C) the method by which firms determine their profit maximizing quantity. D) compact ways of conveying to economic decision makers information needed to identify industries where more resources are needed.