A furniture factory has the latest equipment and a large, trained staff but few orders. Which of the following best explains why average total cost is high?
a. lumber costs
b. electricity bills
c. hourly wages
d. plant underutilization
d. plant underutilization
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Which of the following is an example of a voucher?
A) the postal service B) police services C) social security D) food stamps E) a patent on a pharmaceutical drug
Advertising makes it expensive for new firms to enter an industry.
Answer the following statement true (T) or false (F)
If a company picks an organizational architecture that is inappropriate for its marketplace, then
A. technology is likely to rescue the company from bankruptcy. B. the company is unlikely to survive market competition. C. government regulation is likely to cause the company to fail. D. competition is likely to help the company to grow.
Based on the equation given in this exhibit, if you read 2 books, study for 3 hours, have an instructor whose quality of instruction is ranked as 4, and your motivation to learn is ranked as 7, what is the amount of learning that you will acquire?
a. 2.65 b. 4.55 c. 16 d. 9.65