Conflicts can arise between divisions because
a. some activities across divisions benefit from coordination
b. managers of profit centers care too little about the effects of their decisions on other divisions
c. managers are rewarded only for how well their own division is run
d. all of the above
d
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Between 1891 and 1896,
a. both "external" and "internal" gold drains plagued the U.S. Treasury. b. Americans rushed to exchange notes for gold. c. Treasury reserves of gold dipped below the minimum reserve of $100 million. d. increases in commodity exports ultimately bolstered the gold reserves of the Treasury. e. All of the above.
The dominant school of economic thought until midway through the Great Depression of the 1930s was:
a. classical. b. Keynesian. c. monetarism. d. supply-side. e. rational expectations.
During the second Bush administration, environmental fines and prosecutions
a. increased rapidly. b. declined significantly. c. grew with the rate of inflation. d. declined slightly from earlier levels.
Who among the following is likely to have the highest marginal propensity to consume out of current income?
a) a rational consumer who intends to behave strictly according to the permanent income hypothesis b) a risk averse consumer facing a high degree of uncertainty c) a low-income consumer facing borrowing constraints d) a working age consumer looking forward to retirement e) a wealthy parent who is currently accumulating funds to bequeath to his heirs