What do we mean by the Uform?
What will be an ideal response?
The Uform refers to the unitary form where jobs are grouped according to functional specialty. An organization has multiple subunits where each subunit specializes in one function. A group of subunits report to another layer in the hierarchy. Senior management is the topmost layer of this system.
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When Happy Feet Corporation announces that their fourth quarter earnings are up 10%, their stock price falls. This is consistent with the efficient markets hypothesis
A) if earnings were not as high as expected. B) if earnings were not as low as expected. C) if a merger is anticipated. D) the company just invented a new bunion product.
Jordan is planning ahead for retirement and must decide how much to spend and how much to save while he's working in order to have money to spend when he retires. When the income effect dominates the substitution effect, an increase in the interest rate on savings will cause him to
a. decrease his savings rate. b. increase his savings rate. c. continue saving at the current rate. d. Any of the above could be correct.
If everyone earned the same income, the Lorenz curve would be
A) a rectangular hyperbola. B) a straight line from the origin at a 45-degree angle. C) the horizontal axis. D) very bowed from the diagonal.
Which of the following questions is not answered by general equilibrium analysis?
A. What outcome is most desirable for the whole society? B. How will a change in one market affect another market? C. Can all markets simultaneously be in equilibrium? D. Are equilibria in different markets compatible with one another?