One of the disadvantages of an organization which has a matrix structure is that :
a. each individual reports to one boss, causing excess flow of information to one individual.
b. flow of information is difficult when operations are so highly diversified.
c. each individual has two bosses whose interests may not be aligned.
d. there are limits to the information a firm's headquarters can use effectively in making decisions.
C
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According to the Keynesians, labor contracts
a. are unimportant for modern labor markets because few worker are unionized. b. mean that real wages are inflexible. c. mean that money wages never adjust. d. imply that nominal wages adjust, but only periodically.
Increasing concentration always means an industry has become effectively monopolized
a. True b. False Indicate whether the statement is true or false
Environmentalists worry that economic growth imposes costs on society. Among these costs are
a. pollution. b. crowding. c. waste disposal. d. All of the above are costs.
?Consider the following simple regression model y = ?0 + ?1x1 + u. Suppose Corr(x,u) > 0, Corr(z,x) > 0, and Corr(z,u) < 0. Then, the OLS estimator has a(n) _____.
A. ?downward bias B. asymptotic bias C. ?upward bias D. substantial bias