The larger the number tasks and the greater the authority required in a job, then the evaluation of the person in the job will move from ________ to ________.
A. objective; risk based
B. subjective; risk based
C. subjective; objective
D. objective; subjective
Answer: D
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Refer to the payoff matrix below. In reference to the Nash equilibrium/equilibria in this game, which of the following is true?
Camp with Us and Happy Campers compete in the market for campers. Each firm must decide each season if they are going to offer special financing or not. The above payoff matrix shows each firm's net economic profit at each pair of strategies.
A) Camp with Us Offer Financing and Happy Campers Offer Financing is a Nash equilibrium.
B) There are no Nash equilibria in this game.
C) Camp with Us Do Not Offer Financing and Happy Campers Offer Financing is a Nash equilibrium.
D) Camp with Us Do Not Offer Financing and Happy Campers Do Not Offer Financing is a Nash equilibrium.
A decrease in equilibrium price and an increase in equilibrium quantity could be brought about by a(n)
a. increase in demand b. decrease in demand c. increase in resource prices d. improvement in production technology e. favorable shift in tastes and preferences
The bid-ask spread:
a. Shows the relative value of two currencies. b. Shows the relative value of three or more currencies. c. Is determined by the government. d. Is usually zero due to efficient markets. e. Represents the profit margin of the financial institution.
The theory of consumer choice provides the foundation for understanding the
a. structure of a firm. b. profitability of a firm. c. demand for a firm's product. d. supply of a firm's product.