In profit centers
a. Managers are easy to evaluate because there is a simple metric of how well they performed
b. Managers typically do not have the 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
a
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A point lying inside the production possibilities curve [PPC] is not an attainable combination
a. True b. False Indicate whether the statement is true or false
The theory of land rent holds that
a. all plots of land are identical. b. all land yields a positive rent return. c. rent on any piece of land will equal the difference between the cost of producing the output on that land and the cost of producing it on marginal land. d. competition for superior plots of land will force the rent on those lands to a marginal return of zero.
Social Security transfers wealth from younger generations to older generations
a. True b. False Indicate whether the statement is true or false
For the United States, what is the transactions approach to measuring money?
What will be an ideal response?