According to the text, successful firms tend to set up
A. an organizational architecture that links decision making with decision rights.
B. an organizational architecture that is complex and decisions are "top-down."
C. an organizational architecture that keeps decision rights reserved for the senior management.
D. an organizational architecture that is least expensive and decisions are "top-down."
Answer: A
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Combinations of goods on the production possibilities frontier
a. are unattainable without additional resources b. can be produced using currently available resources and technology c. reflect minimum normative value allocations d. will meet society's needs but not its wants e. are attainable only through international trade
The classical model assumes that
a. the supply of labor is fixed b. the stock of capital and technology are fixed c. the stock of capital and technology grows at a constant rate d. the supply of labor grows at a constant rate e. the supply of labor grows at an increasing rate.
Few bother to think about what makes Florida oranges show up daily in South Dakota supermarkets, but the people of South Dakota are likely to think a great deal about this. Why does someone take the time and energy to assure that oranges which are grown in Florida move more than 1,000 miles before they appear on grocery shelves?
Which of the following are examples of non-rival and exclusive goods?
a. public swimming pool b. golf course c. subways d. all of the above goods are non-rival and exclusive