Axis Group has a publishing house, operates in the sports gear market, and owns a coffee plantation. A board of directors is responsible for the overall performance of the group. Fabrics Inc, on the other hand specializes in women's apparel. Which of the following statements will be true?
a. Decision-making at Axis will be more decentralized in comparison to Fabrics, Inc.
b. Many decisions at Fabrics is likely to be made at lower levels.
c. Individuals at higher levels at Fabrics are less likely to have all of the knowledge that exists at lower levels.
d. Information transfer within Axis Group will be easier as compared to Fabrics, Inc.
A
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Answer the following statement(s) true (T) or false (F)
1. Achieving cost-effectiveness means that the present value of costs (PVC) is minimized for some pre-established benefit goal. 2. To achieve allocative efficiency, the present value of net benefits (PVNB) must be minimized. 3. In conducting a benefit-cost analysis, it is more difficult to assign a dollar value to costs than to benefits. 4. Selecting the social discount rate is among the issues debated in the use of benefit-cost analysis for public policy evaluation.
The budget deficit tends to decline during periods of recession and to increase during periods of economic recovery
a. True b. False Indicate whether the statement is true or false
According to the book, which air bag adds the most safety to passengers?
A) The second. B) The fourth. C) The third. D) The first.
Which of the following is true for a monopolist that does not price discriminate?
a. P > MR because some revenue is lost from having to lower the price on all units sold b. P < MR because the monopolist must lower price to sell more output c. P = MR only at the profit-maximizing level of output d. P = MR because there are no close substitutes for the good e. P = MR because the firm faces a perfectly elastic demand curve