Leaders that use group ideas to make decisions
a. autocratic
b. laissez-faire
c. democratic
d. trait
Ans: c. democratic
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The United States can use all of its resources to produce 50 computers or 4,000 shoes. Suppose that at world market prices, one computer exchanges for 100 shoes. Explain how the United States can gain from trade
What will be an ideal response?
Peter was recently hired as a salesman for a national consulting firm. His job involves spending a significant portion of his time out of the office visiting prospects and attending conferences. Which of the following is a strategy the consulting firm may employ to discourage Peter from shirking his responsibilities?
a. Tell Peter that the shareholders want to earn a large profit this year. b. Pay Peter commissions on what he sells after the work has been completed. c. Allow Peter to set his own schedule and work from home frequently. d. Pay Peter a lower wage than he would earn in a similar job at another firm.
Adding foreign financial assets to an investment portfolio raises the riskiness of the entire portfolio of investments.
Answer the following statement true (T) or false (F)
Refer to the above table. What does the marginal revenue product equal when 26 workers are hired a week?
A. $221 B. $8.50 C. $1190 D. $26