If a management innovation is going to be successful, it needs to address:
A. the concerns of its rivals.
B. incentive and reward systems.
C. the personal problems of its workers.
D. the problem of unemployment.
Answer: B
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In stores, it is common to find seasonal products marked down when the season ends. What explains this behavior?
A) The store is trying to increase its customers' demand for the product. B) The store manager must be trying to drive away customers by selling low quality products. C) The store is trying to sell the goods and realizes that they are substitutes for other goods whose prices have risen. D) The law of demand is being used to increase the quantity demanded. E) The store is trying to increase its consumers' incomes by increasing their purchasing power.
The Congressional Budget Office estimates that ________ of the increase in federal spending on Medicare and Medicaid over the next 75 years will be due to increases in the cost of providing health care
A) most B) very little C) all D) less than half
A firm will shut down in the short run if
A. TR ? TC > TFC. B. TR + TC > TFC. C. TC ? TR > TFC. D. TFC + TVC > TR.
The supply of seats for an economics class at 10 a.m. is the same as the supply of seats for the same class at noon. Every student who wants to attend this class at noon can, but not every student who wants to attend the 10 a.m. class can. Tuition does not vary by time. It follows that the demand for the 10 a.m. class is __________ the demand for the noon class
A) lower than B) the same as C) greater than D) either a or b E) none of the above