Aidan is a college student. As part of his economics project, he has to collect data on the consumption patterns of the households in his locality. In this scenario, Aidan is most likely involved in the study of _____.
A. heterodox economics
B. complexity economics
C. microeconomics
D. macroeconomics
Answer: C
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Which of the following is a similarity between a public corporation and a limited liability company?
A) Both have a limitation on the number of owners. B) Both allow owners control over daily management decisions. C) Both limit liability of owners to loss of capital contribution. D) Both have their profits taxed as income to corporation and again as income to owners when distributed as dividends.
You are an inventory specialist for a retail store. Your boss has asked you to compile a year-end report listing the merchandise sold each month through the company's website. In what format should you present this data?
A) Memo or e-mail format B) Preprinted form C) Letter format D) Manuscript format
Which of the following is NOT required in determining service level requirements?
a. determining processing requirements or workloads b. determining a unit for work measurement c. determining the service levels for each workload d. determining impact of inventory stock outs
The systems view is important to managers because it
A. underscores the importance of the organization's environment. B. gives them a set procedure for making decisions. C. allows them to eliminate the interaction among various elements of the organization. D. reduces their risk of human error. E. shifts the focus from outside the company to inside the company.