The manager of the sales department (a profit center) at Harvey's HVAC, decides to outsource any sales training that the division needs since in house training is expensive, even though the outsourced training does not cover the company's repair and warranty information from the service department. Who is making a bad decision?
a. The Sales department
b. The Service department
c. The Training division
d. None of the above
a
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The larger the number of bidders in an open outcry Dutch auction, ________
A) the lower is the maximum willingness to pay of each bidder B) the smaller is the consumer surplus earned by the winner C) the larger is the quantity offered by the auctioneer for auction D) the lower is the value of the starting bid
In a long-run equilibrium in a perfectly competitive market, firms are selling at a price equal to marginal cost
a. True b. False Indicate whether the statement is true or false
If a woman is pregnant and her boss must decide to give a promotion that entails a move to another city in a time frame that coincides with the expected birth of her child then the boss
A. can chose to by-pass her and give the pregnancy as a legally-acceptable reason. B. can chose to by-pass her and give the pregnancy as a legally-acceptable reason, as long as the next promotion goes to her. C. must ignore the pregnancy in making the decision of whom to promote. D. must give her the promotion, regardless of other candidates.
The long run in macroeconomics is a period in which nominal wages:
A. change as the price level stays constant. B. do not respond as the price level changes. C. do not respond as the price level stays constant. D. change as the price level changes.