Which of the following is NOT a supervisory function?
a. marketing
b. planning
c. staffing
d. organizing
Ans: a. marketing
You might also like to view...
The knowledge and skills acquired by a worker through education and experience is a description of which factor of production?
A) physical capital B) entrepreneurship C) labor D) human capital
Inflation:
a. reduces the cost-of-living of the typical worker. b. is measured by changes in the cost of a typical market basket of goods between time periods. c. causes the purchasing power of a dollar to rise. d. has no effect on real income.
In many high-tech industries in the economy, such as computers, medical equipment, and automobiles
a. price competition is utilized by firms more than innovation to compete with rivals. b. firms compete on the basis of innovation only; never engaging in price competition. c. innovation is utilized by firms to compete with rivals more than price competition. d. firms use price competition only; never engaging in innovation to compete with rivals. e. firms utilize innovation and price competition equally to compete with rivals.
Taxes on a producing firm's spillovers
A. are designed primarily as a way to raise money so that the government can compensate the victims of the externality. B. are simply meant to force decision makers to consider the full costs of their actions. C. will lead to a zero level of output. D. are designed to make it easier for economists to measure spillovers.