Which of the following is not true of task inventories?
A. It describes actual tasks.
B. A task inventory can be used for many different jobs.
C. It measures the purpose of tasks.
D. It uses an objective rating format
B. A task inventory can be used for many different jobs.
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Which of the following is an example of a managed float?
a. The Fed buys or sells U.S. dollars in order to maintain a fixed $1.05 per euro exchange rate. b. The European Central Bank buys or sells euros in order to "peg" the price level. c. The Bank of England buys or sells British pounds in order to maintain a fixed exchange rate with the U.S. dollar. d. The Bank of Japan intervenes in the foreign exchange market to prevent a rapid depreciation of the yen. e. The Bank of Japan intervenes to set the tax rate very close to the tax rates of other countries.
A market cannot be contestable if
a. very limited economies of scale exist b. substantial barriers to entry exist c. the market is perfectly competitive d. resources can be easily acquired by new firms e. products are indistinguishable
Some companies follow a strategy of sales maximization. They say that this puts them in close touch with their customers and they can better track the market, responding to needs more quickly. However, this increases costs because of the need to stock a wider variety of parts and sizes and colors, etc. What would make this strategy a profit-maximizing one?
Refer to Table 8.1. Assuming the price of labor (L) is $5 per unit and the price of capital (K) is $10 per unit, which of the following statements is TRUE? A) The firm will use production technique A to produce all three units of output. B) The firm will use production technique B to produce all three units of output. C) The firm will use production technique B to produce the first two units of output and production technique A to produce the third unit of output. D) The firm will use production technique A to produce the first unit and production technique B to produce the second and third units of output.