The combining of First Union National Bank and The National Bank of Memphis is an example of
A. a conglomerate merger.
B. a vertical merger.
C. a downstream formation.
D. a horizontal merger.
Answer: D
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In which of the following situations will total revenue increase?
a. Price elasticity of demand is 1.2, and the price of the good decreases. b. Price elasticity of demand is 0.5, and the price of the good increases. c. Price elasticity of demand is 3.0, and the price of the good decreases. d. All of the above are correct.
Managers contribute to increased average labor productivity in each of the following ways except by:
A. dealing with suppliers. B. developing new products. C. obtaining financing. D. assigning workers to jobs.
For most families, a majority of their property comes from
A. inheritance. B. redistribution programs. C. transfer payments. D. savings.
Refer to the below graph of the market for wheat. The government adopts a price support program for wheat, and supports the wheat price at P2. The area of 0P2AQ1 would measure the:
A. Total amount received by wheat farmers
B. Total profits of wheat farmers
C. Amount the government will pay to wheat farmers
D. Amount private buyers of wheat will pay to wheat farmers