Which of the following is the best example of an employee who is specializing?
a. Junior was required to work in every department to prepare him for inheriting the company from his father.
b. Manuela was trained on every machine in the factory so she could substitute for workers when they took breaks.
c. Keiko transferred from the accounting department to the sales department to be able to earn more money.
d. Tate went from a general assistant to someone who focuses on social media marketing.
d. Tate went from a general assistant to someone who focuses on social media marketing.
You might also like to view...
Which of the following statements is true of free riding?
A) Free riding is easy to detect and punish. B) Free riding reduces with social pressure. C) Free riding is not affected by incentives. D) Free riding does not impose a cost on society.
The employment rate is defined as
A) the percentage of the labor force holding employment. B) the percentage of the noninstitutional population either working currently or looking for work. C) the percentage of the noninstitutional population holding employment. D) the percentage of the population currently receiving wages or salaries. E) the percentage of the population currently working and living principally on earnings from labor.
Suppose an MNC subsidiary buys 100 input units from its parent at a price of $2 each. It has $300 in additional production costs, and sells its 100 units of output for $6 to the MNC. It pays a 25% local profit tax
The MNC sells the output at home for $8, and its cost of producing inputs is $1 . It pays a profit tax of 20% at home on repatriated profits. What is the subsidiary net profit? Assume no selling costs at home. What is the MNC's total profit from the operation?
All of the following are characteristics of an oligopoly EXCEPT
A) diseconomies of scale over all ranges of output. B) small number of firms. C) high barriers to entry. D) interdependence.