________ known is the father of management and famous for his time and motion studies especially in factory production
a. Robert Griffth
b. Frederick Taylor
c. Anthony Eppes
d. John Charles Shelley
B
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A 2 percent increase in income increases the quantity demanded of a good by 1 percent. The income elasticity of demand for this good is _______. The good is a _______ good
A. 2; normal B. –2; inferior C. 1/2; normal D. 2; inferior
Which of the following is a defining feature of a multinational firm?
a. It exports goods and services to foreign nations. b. It develops joint ventures with foreign firms. c. It owns and operates production facilities in more than one country. d. It employs agents in various countries to sell their products abroad. e. It holds patents on its products and services.
The word that best describes the relationship between the required reserve ratio and the money supply is
A) direct. B) constant. C) inverse. D) roundabout.
Three of the most popular methods of tracking price changes over time are:
A. CPI B. PPI C. MPC D. GDP Deflator E. MPC