Provide some examples of management innovations that have lost their popularity.
What will be an ideal response?
Almost 1.5 percent of all business articles published in 1993 contained the words total quality management or TQM. The citations on TQM fell sharply after reaching a peak in 1993. A similar pattern can be observed for reengineering, which achieved peak prominence in 1995. Similarly, two much-noted management preoccupations of the 1980s, just-in-time production and quality circles, have lost virtually all press coverage. Benchmarking, activity-based costing, outsourcing, and economic value added are the management techniques that represent more recent innovations. However, of these management techniques, benchmarking and ABC are starting to fade; EVA and outsourcing continue to rise, but they will soon be replaced by other techniques.
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Jenny sells lemonade in front of her house in the summer. Several other kids in Jenny's neighborhood also run lemonade stands in the summer. Suppose that the first week of summer, Jenny charged 25 cents for an 8-ounce cup of lemonade, her next-door neighbor Sam charged 50 cents for an 8-ounce cup of lemonade, and Alex across the street charged 15 cents for an 8-ounce cup of lemonade. Assuming the market for lemonade is perfectly competitive, what is most likely to happen?
A. Everyone will start to charge 50 cents to maximize revenue. B. Eventually prices will equalize across all three lemonade stands. C. A price war will break out, and all of the kids will lower their prices. D. Each kid will keep his or her price at the original amount.
The right to openly support and democratically select national leaders is
A) political freedom. B) capital freedom. C) population freedom. D) economic freedom.
How should a natural monopoly be regulated under the social interest theory of regulation?
A) by setting price equal to the average cost of production B) by allowing a price that maximizes the profit of the natural monopoly C) by using a marginal cost pricing rule D) by subsidizing other producers to compete with the monopoly E) by using rate of return regulation
If you own a bond with a seven percent coupon rate and new bonds are paying five percent, what will happen to your bond's market price?
What will be an ideal response?