A consequence of an incentive contract for employees is that
a. employees must incur additional risk
b. employee level risk is reduced
c. employer level risk is reduced
d. there are no risk related consequences
a
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The short run is best defined as:
A. a period of time sufficiently short that at least one factor of production is fixed. B. one year or less. C. the period of time between quarterly accounting reports. D. a period of time sufficiently short that all factors of production are variable.
The minimum amount of reserves a bank is required to hold is known as
A. Total reserves. B. Required reserve ratio. C. Excess reserves. D. The money multiplier.
Figure 10-7
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Which of the diagrams in Figure 10-7 shows an economic expansion caused primarily by a change in aggregate demand?
A. (A) B. (B) C. (C) D. (D)
According to the Justice Department and the Federal Trade Commission, a merger would likely be challenged if
A) the post-merger industry has an HHI above 1,500 and the HHI rises by more than 100. B) the post-merger industry has an HHI above 500 and the HHI rises by more than 50. C) the number of firms in the post-merger industry is very large. D) the firms' markets are very large.