Which of the following is not a benefit of decentralization of corporate decisionmaking?
A. More effective use of local knowledge
B. Conservation of the time of senior management
C. Training and motivation for local managers
D. Incentive problems
Answer: D
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Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees b. a temporary clerical agency requires a typing test c. a manufacturer requires suppliers to be ISO 900 . certified d. Smokers get the same life insurance rates as non-smokers
If a corporate bond with a face value of $1,000 pays yearly coupon payments of $40, what is the coupon rate?
A) 2.5% B) 4% C) 25% D) 40%
The process of developing local industries to manufacture goods to replace imports is known as
A. import promotion. B. import substitution. C. export favoritism. D. export promotion.
In the first few chapters of this book, we introduced the notion of supply and demand. One of the first things that we did was to derive the relationship between the price of a product and the quantity demanded per time period by an individual household. Now we have derived what we call the aggregate demand curve. The two look the same and both have a negative slope, but the ogiv is completely different. Tell one story that explains the negative slope of a simple demand curve and another story that explains the more complex AD curve.
What will be an ideal response?