All of the following can cause conflict between divisions EXCEPT
a. Coordination between divisions does not benefit all divisions equally
b. managers of profit centers care too little about the effects of their decisions on other divisions
c. managers are rewarded only for how much profit their own division generates
d. corporate executives can tell when a divisional manager's decisions are appropriate or not
d
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For the polynomial regression model,
A) you need new estimation techniques since the OLS assumptions do not apply any longer. B) the techniques for estimation and inference developed for multiple regression can be applied. C) you can still use OLS estimation techniques, but the t-statistics do not have an asymptotic normal distribution. D) the critical values from the normal distribution have to be changed to 1.962, 1.963, etc.
The consumer price index is used to
a. monitor changes in the level of wholesale prices in the economy. b. monitor changes in the cost of living over time. c. monitor changes in the level of real GDP over time. d. monitor changes in the stock market.
When the government controls the price of a product, causing the market price to be above the free market equilibrium price,
A. some, but not all, sellers can find buyers for their goods. B. only consumers gain. C. both producers and consumers gain. D. all producers gain.
On a production possibilities curve, the single optimal or best combination of output for any society:
A. Is at a point near the top of the curve B. Is at the precise midpoint of the curve C. Is at a point near the bottom of the curve D. Depends upon the preferences of society