Relative frequency probabilities indicate how often an event will occur compared to other events
Indicate whether the statement is true or false
TRUE
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If an economy is in a recession, with output below its full-employment level, a(n) ____ fiscal policy can be used to return the economy to its long-run equilibrium, which would cause the price level to ____.
A. expansionary; increase B. expansionary; decline C. contractionary; decline D. contractionary; increase
Costs that do not vary with production levels or sales revenue are known as ________ costs
A) overhead B) variable C) average D) opportunity E) total
After a breach by the seller, buyer may replevy the goods after identification if:
a. he acts within 30 days. b. he cannot, after a reasonable effort, buy replacement goods. c. the seller is insolvent. d. he cannot buy replacement goods or the seller is insolvent.
Which of the following is not one of the characteristics of reward and incentive systems?
A. They represent an effective control mechanism. B. They motivate high levels of individual and collective task performance. C. They represent a poor means of influencing the culture of an organization. D. They focus efforts on high priority tasks.