In profit centers
a. Managers are difficult to evaluate because there is no simple metric of how well they performed
b. Managers typically do not have the information to run their division efficiently
c. Managers' decisions can affect other divisions
d. Managers typically do not have the incentives to run their division efficiently
c
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If the nominal interest rate is above the equilibrium value, then the quantity demanded of money is ________ than the quantity supplied of money, bond prices will ________, and the nominal interest rate will ________.
A. greater; rise; increase B. less; rise; decrease C. greater; fall; increase D. less; fall; increase
When a price floor is set above the equilibrium price, quantity supplied will exceed quantity demanded, resulting in
a. excess demand or shortages. b. excess supply or surpluses. c. equilibrium prices. d. price controls.
Under a balanced budget policy, a sharp rise in GDP will cause
A. no serious budget changes. B. a tax cut or an increase in expenditures. C. a tax increase or expenditure cut. D. tax receipts to exceed government expenditures.
Which of the following is NOT subject to a network effect?
A. rotating your tires every six months B. listening to popular songs C. the layout of the keys on your keyboard D. purchasing a new LED TV set