In profit centers
a. Managers are difficult to evaluate because there is no simple metric of how well they performed
b. Managers typically have the necessary information to run their division efficiently
c. Managers' decisions rarely affect other divisions
d. Managers typically do not have the incentives to run their division efficiently
b
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The slope of a line
A) can never equal zero. B) is always a constant. C) measures the ratio of the change in the value of the y-axis variable relative to the change in the value of the x-axis variable. D) measures the value of the y-axis variable relative to the value of the x-axis variable.
The type of monetary policy that is used in Canada, New Zealand, and the United Kingdom is
A) monetary targeting. B) inflation targeting. C) targeting with an implicit nominal anchor. D) interest-rate targeting.
A public good
A. Is overproduced by the market. B. Is any good produced by the government. C. Causes government failure. D. Is subject to the free-rider dilemma.
Refer to Table 10.2. The marginal product of the third unit of labor is:
A. 25. B. 50. C. 60. D. 160.