Which of the following is a feature of an M-Form organization?
a. divisions can respond more easily to changes in customer demand
b. it is difficult to maintain customer relationships
c. coordination across divisions is simple and does not take much management time
d. evaluating employees is easier because managers typically are similarly trained
a
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The public debt
A. refers to the debts of all units of government-federal, state, and local. B. consists of the total debt of American households, businesses, and government. C. refers to the collective amount that American citizens and businesses owe to foreigners. D. consists of the historical accumulation of all federal government deficits and surpluses.
Capital per person k is higher in Japan than in the United States. As a result ________
A) per capita income is higher in Japan B) total factor productivity is higher in Japan C) the marginal product of capital is higher in Japan D) all of the above E) none of the above
In long-run equilibrium, the typical perfectly competitive firm will:
a. earn zero economic profit. b. change plant size in the long run. c. change output in the short run. d. do any of these.
In which situation would a monopolist be maximizing profit when it produces at an output where MC < MR?
a. none because when MC < MR, profit is not maximized b. when the barriers of entry are overcome so that other firms enter c. when costs keep falling as output increases d. when price increases as output increases e. when economic profit is greater than normal profit