Utility is the benefit a consumer gets from consuming a good.
Answer the following statement true (T) or false (F)
True
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Answer the following statement(s) true (T) or false (F)
1.Economists who believe that, in the short run, discretionary monetary and fiscal policy can stimulate a recessionary economy with aggregate demand management are known as activists. 2.Expansionary fiscal policy is usually effective at correcting for negative supply shocks. 3.Between 1999 and 2004, inflation was low but housing prices were increasing very rapidly. 4.The use of payment contracts that automatically adjust for changes in inflation is known as indexing. 5.Indexing is an effective method for preventing rises in the inflation rate.
Which questions need to be answered when tracing costs during a customer profitability analysis?
a. What are your cost objects? b. What processes does each customer initiate? c. What activities comprise each process? d. What resources are used by each activity? e. All of the above
For the United States, one important benefit of foreign trade is
A. reality checks in the economy. B. less domestic competition. C. decreased domestic competition. D. access to cheaper goods and services.
You are the owner of the Voracious Vegetarian, a single-business healthy fast-food restaurant. Your strategy-making hierarchy would most likely consist of
A. business strategy, divisional strategies, and departmental strategies. B. corporate strategy, divisional strategies, and departmental strategies. C. business strategy, functional strategies, and operating strategies. D. managerial strategy, business strategy, and divisional strategies. E. business strategy, divisional strategy, and operating strategy.