Conventional job analysis methods are being replaced by quantitative methods for all but which of the following reasons? Conventional methods are _____.
A. open to bias and favoritism
B. often subjective
C. not well-suited to small organizations
D. require more time consuming
C. not well-suited to small organizations
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In the long run, a perfectly competitive firm will
A) be able to make an economic profit. B) produce but incur an economic loss. C) make zero economic profit. D) not produce and will incur an economic loss equal to its total fixed cost. E) not produce but not incur an economic loss.
The National Industrial Recovery Act, passed in 1933, was an attempt to
a. break monopolies and cartels, and introduce competition into several different industries. b. fix prices, wages, and quotas for several industries in an effort to keep prices high. c. lower corporate taxes and remove collusive behavior in an effort to keep U.S. firms competitive with foreign manufacturers. d. create a stable economic environment that would encourage investment and expansion in the industrial sector of the economy.
Which of the following statements about crowding out is false?
A. It is not caused by a budget surplus. B. It is caused by a budget deficit. C. It can completely offset the government's debt D. It affects interest rates and not economic growth.
Suppose Jackie can buy either video games or Blu-rays. If the prices of both goods double, and Jackie's income also doubles, what will happen to Jackie's budget line?
A. It will shift out. B. It will shift in. C. It will not change. D. It will swivel so that the slope is twice as steep.