According to the book, four disciplines are particularly applicable to management. Which of the following was not listed as a main influence?
a. Humanities
b. Psychology
c. Sociology
d. Economics
A, pages 17-20
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The demand for labor schedule is the same as ________
A) real wage line B) supply of labor schedule C) the minimum wage rate in that economy D) the marginal product of labor schedule
Figure 10-5
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Figure 10-5 shows supply and demand conditions in a perfectly competitive industry and for a firm in that industry. At point C, the firm would
A. earn zero economic profit. B. earn negative economic profit. C. have a zero opportunity cost of capital. D. have a negative opportunity cost of capital.
In the United States, the unemployment rate for blacks is roughly the same as the unemployment rate for whites
a. True b. False Indicate whether the statement is true or false
If an exporter's supply curve of a commodity is upward sloping, and if a change in import demands in other countries leads them to increase their exports, other things equal, we would expect a. the domestic price of the commodity will fall
b. the domestic price of the commodity will exceed the price in foreign countries. c. the domestic price of the commodity will be below the price in foreign countries. d. the domestic price of the commodity will rise.