Bob is given the right to make all the important decisions in an organization. This is an example of
A. centralized decision making.
B. decentralized decision making.
C. bundling.
D. a nonstandard practice within a hierarchy.
Answer: A
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Starting from long-run equilibrium, an increase in autonomous consumption results in ________ output in the short run and ________ output in the long run.
A. higher; higher B. higher; potential C. lower; higher D. lower; potential
What unethical methods might business communicators be tempted to use to make their case stronger?
a. Ignoring "What if?" questions b. Fudging the facts c. Omitting crucial information d. Exaggerating the point e. Gaining attention with a compliment
Compared to the market demand curve, a demand curve facing a monopolistically competitive firm would be
a. more elastic. b. vertical. c. horizontal. d. the same as the market demand curve. e. less elastic.
If the economy is in a deep recession, a modest increase in aggregate demand is likely to cause _____ in prices and _______ in output level.
a) an increase; an increase b) an increase; little or no change c) a decrease; an increase d) little or no change; an increase e) little or no change; little or no increase