Historically, many businesses have preferred specialized task assignment for employees over broad task assignments. Why has this been the case?
What will be an ideal response?
Specialized task assignment has two major advantages: Employees develop more expertise in their areas of specialization and are thus more productive, and companies do not need to incur costs of cross-training employees in several tasks. With specialized task assignment, coordination of tasks is done at higher levels. As markets have become more competitive, companies can respond more quickly to changing market conditions by assigning decision rights to lower-level managers who are cross trained in multiple tasks.
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The air route from Dallas to Mexico City is served by more than one airline. The demand for tickets from American Airlines for that route is probably
A) inelastic but more elastic than the demand for all tickets for that route. B) elastic and more elastic than the demand for all tickets for that route. C) inelastic and less elastic than the demand for all tickets for that route. D) elastic but less elastic than the demand for all tickets for that route.
Interstate Commerce Commission (ICC) Act of 1887 gave the federal government rate-setting powers
Indicate whether the statement is true or false
You are the manager of a restaurant you believe one of your suppliers is engaged in cartel activity. As the manager, you ________ an incentive to report the behavior because your restaurant can ________.
A) do not have; have to pay whistle-blower fees B) do not have; receive treble damages C) have; have to pay whistle -blower fees D) have; receive treble damages
The kinked-demand curve model of oligopoly is useful in explaining:
A. the way that collusion works. B. why oligopolistic prices and outputs are extremely sensitive to changes in marginal cost. C. why oligopolistic prices might change only infrequently. D. the process by which oligopolists merge with one another.