One of the mechanisms to replace poor management is to
A. pay more to the senior management.
B. fire the union leaders who create an environment of mistrust.
C. fire the low-level workers who are inefficient.
D. tender offers and mergers.
Answer: D
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________ uses the concept of marginal analysis to determine the optimum choice
A) Optimization in margins B) Optimization in levels C) Optimization in markets D) Optimization in differences
The efficiency
A) gain from a fixed exchange rate with the euro is smaller when trade between say, Norway and the euro zone, is extensive than when it is small. B) gain from a fixed exchange rate with euro is greater when trade between say, Norway and the euro zone, is extensive than when it is small. C) loss from a fixed exchange rate with the euro is smaller when trade between say, Norway and the euro zone, is extensive than when it is small. D) gain from a fixed exchange rate with euro is the same as when trade between say, Norway and the euro zone, is extensive than when it is small. E) gain from a fixed exchange rate with euro is the same as when trade between say, Norway and the euro zone, is small than when it is small.
How does elasticity affect a company's pricing policy?
(A) If demand is unitary elastic, the company knows that a decrease in price would decrease total revenues. (B) If demand is unitary elastic, the company knows that an increase in price would increase total revenues. (C) If demand is elastic at the current price, the company knows that an increase in price would reduce total revenues. (D) If demand is inelastic at the current price, the company knows that an increase in price would reduce total revenues.
The idea that consumers continue to adjust their purchases until the marginal utility per last dollar spent on all items is equal is called the
A. law of increasing costs. B. consumer optimum. C. rule of 72. D. law of diminishing marginal utility.