Empowerment may be a problem because
A. managers are usually ambiguous when it comes to empowerment.
B. managers are usually very eager to empower those who are least qualified.
C. managers are never eager to empower anyone else except themselves.
D. workers are always eager to empower themselves even if they are unqualified.
Answer: A
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
An increase in the money wage rate
A) increases the long-run aggregate supply. B) decreases the long-run aggregate supply. C) increases the short-run aggregate supply. D) decreases the short-run aggregate supply.
Explain the law of diminishing returns
What will be an ideal response?
Which of following is the best example of a monopoly if we use a broader definition of monopoly?
A) Santos Tacos, the only taqueria in the small town of Santosville B) Cheap Gas, one of two gasoline stations in a large rural community C) Spuds McKenzie, a wealthy potato farmer in Idaho D) Zippie Rentals, a sports car rental service in the downtown Boston area