Which type of compensation method does NOT involve a performance bonus?
A. Profit sharing
B. Piece rate
C. Revenue sharing
D. None of the answers are correct.
Answer: D
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Pork can be used to produce bacon or sausage, but not both. If the price of bacon rises for some reason, then, everything else equal,
A. the price of sausage will rise. B. the price of sausage will fall. C. the resources used in raising pork will become more expensive. D. the resources used in raising pork will become less expensive.
Which of the following statements is true? a. Economic profits ignore implicit costs
b. Economic profits include implicit costs. c. Accounting profits include all of the opportunity costs. d. Economists consider sunk costs in their decision making.
The opportunity cost of holding money is measured by the rate of interest
a. True b. False Indicate whether the statement is true or false
Reduced military spending shifts the aggregate demand curve to the left
a. True b. False Indicate whether the statement is true or false