Which of the following is TRUE?
a. Maximizing division profits always leads to maximizing company-wide profits
b. Managers of profit centers are given a lot discretion in their decision making
c. Profit centers usually require the highest degree of attention of corporate executives
d. A manager being rewarded on division revenues has no incentive to make good decisions for his division
b
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Assuming a long-run aggregate supply curve, a decrease in consumer confidence results in ________ in output and ________ in price level
A) a decrease; no change B) a decrease; a decrease C) an increase; no change D) no change; a decrease
A draft system, whether in professional sports or the military, enables the people who are hiring to avoid paying their employees
A) a living wage. B) the true value of their labor. C) what others are willing to pay them. D) what they want to be paid.
If the market price is $4 and a perfectly competitive firm is producing 500 units and the marginal cost to produce the 500th unit is $4, which of the following is true?
A) The firm is maximizing profit. B) The difference between marginal revenue and marginal cost (MR - MC) for the 500th unit is negative. C) The difference between marginal revenue and marginal cost (MR - MC) for the 500th unit is positive. D) The firm should increase production to maximize profit.
The H1B visa program is designed:
a. to keep out undocumented workers. b. to encourage bright U.S. college students to study abroad. c. to attract scientists and engineers from other nations to help U.S. industry prosper. d. to have a way to force foreign students to go back to their native lands after graduation.