Which of the following statements is true regarding organizations with self-contained units (SCU) for risk-management?
a. The SCU has final authority on risk assessment and uses information from employees with similar expertise at the division-level.
b. It works independently and information flows only between the SCU and headquarters.
c. The organization chart depicts a strong relation between the division-level employees who have information on risk and the SCU.
d. Employees with knowledge of division level-risks are transferred to the SCU.
A
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If government expenditure on goods and services increase by $100 billion, then aggregate demand
A) increases by $100 billion. B) increases by less than $100 billion. C) increases by more than $100 billion. D) remains unchanged. E) decreases by more than $100 billion.
Which of the following is included in Germany's GDP?
i. BMWs produced in a German-owned factory in South Carolina ii. the value of the stocks sold on the German stock exchange, the Frankfurt Stock Exchange iii. china produced by the English-owned Wedgewood Company at a factory in Berlin, Germany A) i and iii B) ii only C) iii only D) i and ii E) None of the above answers is correct.
When the price of milk rose 50 percent, the quantity of milk sold fell 25 percent and the sale of breakfast cereals also fell 25 percent. This set of facts indicates that the
A) demand for milk is price elastic. B) demand for breakfast cereals is price elastic. C) cross elasticity between milk and cereal is negative so the two are complements. D) cross elasticity between milk and cereal is positive so the two are complements.
Adding up all transactions in the economy ________ "double counting" and thus produces ________ measure of GDP
A) avoids, a proper B) avoids, an improper C) results in, a proper D) results in, an improper