How does a self-contained unit benefit a firm?
A self-contained unit that bridges an M-form firm's divisions can make the firm more efficient by eliminating duplicative activities or better accounting for the interrelationships of decisions that would otherwise be made independently at lower levels.
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What method did the U.S. use to fund most of the cost of the Revolutionary War?
a. Increases in taxes b. Increases in the issue of paper money c. Increases in bond sales d. Increases in tariffs
The first bank chartered in the United States was the
a. First National Bank of the United States b. First National Bank of Boston c. First National Bank of New York d. Bank of North America e. Federal Reserve
Which of the following could cause the money supply to decrease?
A. The economy emerges from a recession into rapid growth. B. The society moves to a cashless society. C. Banks become more conservative in making loans. D. People and institutions borrow more.
If the implicit costs shown for the firm in the Accounting Profits versus Economic Profits table doubled, the firm’s accounting profits would ______.
a. not be affected
b. decline by an amount equal to the change
c. increase by an amount equal to the change
d. decline to match the firm’s economic profits.