When a management successfully implements innovations, it usually makes more than one change in the corporation's organizational structure. It is important to remember that the changes are:
A. substitutes for one another.
B. reversible
C. dysfunctional.
D. complementary.
Answer: D
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Simply asking people how much they value a highway is not a reliable way of measuring the benefits and costs because
a. those who stand to gain have an incentive to tell the truth. b. those who stand to lose have an incentive to exaggerate their true costs. c. answers to the survey questions will always be downwardly biased. d. not everyone asked will be using the highway.
If consumers expect future prices to be higher
A. they substitute current purchases for future purchases of perishable products. B. the demand for automobiles today will not change. C. the position of the demand will not change. D. stockpiling will happen when products are durable in nature.
When the CPI rises ________, the inflation rate is ________
A) rapidly; low B) rapidly; high C) steadily; zero D) slowly; high E) rapidly; either high, low, or zero depending on whether production of output is increasing, decreasing, or not changing.
The urban consumers that the CPI is based on does not include:
A. the unemployed. B. the retired. C. persons in prison. D. the CPI does not include any of these.