As industry output increases, suppose that new knowledge about production technology spreads among firms in the area through direct contacts among firms or as workers transfer from firm to firm. Which concept does this example demonstrate?
a. internal economies of scale
b. external economies of scale
c. the home market effect
d. specialization in production
b. external economies of scale
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In ______ theory, the manager’s primary ethical obligation is to shareholders.
A. stakeholder B. agency C. wealth D. reciprocity
The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following months sales. What should the budgeted production be for
January? A) 236,000 B) 181,000 C) 200,000 D) 219,000
How is profit different from cash flow?
What will be an ideal response?
The _______________________ was passed to balance the perceived imbalance in bargaining power between management and labor by imposing restrictions on the activities of unions in an organizing campaign.
Fill in the blank(s) with the appropriate word(s).