The most commonly used measure of a country's economic health is the country's ________

A) gross domestic product (GDP)
B) gross national product (GNP)
C) exchange rate
D) cost of living
E) Big Mac Index


A

Business

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Kay & Maggie's, a beauty salon, is conducting a survey to find out how satisfied its customers are with the service provided at all its outlets. For this purpose, it distributes questionnaires and conducts personal interviews with its customers

Which form of data is being collected by Kay & Maggie's? a. Primary b. Ordinal c. Secondary d. Nominal

Business

________ produce fundamental changes that can transform a company or even revolutionize an industry, while ________ enhance existing practices and often represent evolutionary applications of fundamental breakthroughs.

A. Technological breakthroughs; product-market breakthroughs B. Incremental innovations; radical innovations C. Radical innovations; incremental innovations D. New technologies; new paradigms

Business

Determining the supply of resources needed to meet demand for the intermediate time frame at the minimum cost is an example of applying linear programming to solving ______ problems.

a. financial planning b. production planning c. assignment d. transportation

Business

What practice was advocated by Mary Parker Follett?

A. Workers should be allowed to exercise initiative in their everyday work lives. B. Workers should not be allowed to participate in the work development process. C. Managers should behave as monitors and supervisors. D. Authority should align with hierarchical positions rather than knowledge. E. Members of each department should stick to their own department; cross-functioning should be discouraged.

Business