The use of hierarchies is common in modern corporations
A. because of the principle of comparative advantage.
B. to enhance employee buy-in.
C. to avoid collective-action problems.
D. because of the principle of separation of decision management and decision control.
Answer: D
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Suppose that the technology used to manufacture laptops has improved. The likely result would be:
A. a decrease in quantity supplied of laptops. B. an increase in quantity supplied of laptops. C. a decrease in supply of laptops. D. an increase in supply of laptops.
Define money and list its functions
What will be an ideal response?
Merely demonstrating that wages are lower for blacks and females does not in itself prove wage discrimination
a. True b. False Indicate whether the statement is true or false
A firm will begin to experience diminishing returns at the point where
A. marginal cost decreases. B. marginal product increases. C. marginal cost increases. D. Both B and C are correct.