Management ______ are measuring devices, techniques, or instruments that are used to arrive at decisions and plans of action
a. Plans
b. Actuarial resources
c. Quality circles
d. Tools
D
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What role does population growth play in economic development?
The largest component of GDP is
Which of the following examples shows how advertising can create greater elasticities of demand?
a. Ads claim that one cell phone is by far better than all the competitors’ cell phones. b. Ads show that most car companies reduce prices for their products during the fall. c. Ads show how several paper towel brands are better than the established paper towel brand. d. Ads reveal how a particular brand of detergent is inferior.
Which of the following is the kind of decision that can be made at the margin:
a) whether or not to hire new workers b) whether or not to go on a vacation c) whether or not to build an extra room on a home d) whether to have a dog or a cat as a pet