If a plant manager is tasked to reduce costs by 10% this is an example of what kind of goal?
a. strategic
b. long-term
c. tactical
d. operational
Ans: d. operational
You might also like to view...
Suppose a person's utility for leisure (L) and consumption (Y) can be expressed as U = Y + L0.5. Assuming a wage rate of $10 per hour, show what happens to the person's labor supply curve when the person wins a lottery prize of $100 per day
What will be an ideal response?
Not having to pay for a good leads to:
A. oversupply. B. overconsumption. C. underconsumption. D. irrational consumption.
Which of the following will likely cause a reduction in output per worker?
A) a reduction in education expenditures B) a reduction in the saving rate C) a reduction in on-the-job training D) all of the above
Which of the following does NOT cause a rightward shift in the supply curve?
A) a reduction in resource costs B) an increase in technology C) a reduction in the price of the good D) a reduction in the expected future price of the good