In the BankInc case, the change in assignment for caseworkers was made practical by
A. computerization of task input for managerial oversight.
B. centralized functional management systems.
C. integrating credit checking with pricing, but maintaining document preparation in a separate department.
D. elimination of cross-training among credit tasks.
Answer: A
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Trade restrictions like tariffs and quotas will
What will be an ideal response?
An estimation technique that begins with an initial approximation, which is then modified in accordance with additional information, is known as:
A. the representative heuristic. B. status quo bias. C. regression to the mean. D. anchoring and adjustment.
If nominal GDP in one year is $5000 billion and the price index is 135, the real GDP that year is $3704 billion.
Answer the following statement true (T) or false (F)
Suppose that one country has a GDP that is ten percent of its richer neighbor, but the poorer country is growing at a rate of eight percent per year while the richer country is growing at a rate of two percent per year. Which country will be richer in 60 years?
What will be an ideal response?