Managers of profit centers usually have
a. A lot of discretion over decisions
b. Most of their decisions overseen by corporate executives
c. No discretion over decisions
d. Given excessively high bonuses
a
You might also like to view...
The requirement that certain professionals possess a license in order to work in a particular market has the effect of reducing the supply of those services, which in turn causes:
A) price and the profits of firms in the market to increase. B) price and the profits of firms in the market to decrease. C) price to increase and the profits of firms in the market to decrease. D) price to decrease and the profits of firms in the market to increase.
An ultimatum game is:
A. one in which one player makes an offer and the other player has the simple choice of whether to accept or reject. B. one in which one player makes an offer and the other player has the choice of whether to accept or offer a counteroffer. C. a repeated sequential game. D. the only game played by unions in reality.
The aggregate demand and aggregate supply graph has
a. quantity of output on the horizontal axis. Output can be measured by the GDP deflator. b. quantity of output on the horizontal axis. Output can be measured by real GDP. c. quantity of output on the vertical axis. Output can be measured by the GDP deflator. d. quantity of output on the vertical axis. Output can be measured by real GDP.
For a competitive firm, the value of the marginal product:
A. increases for each additional worker. B. remains constant across workers. C. is zero when profits are maximized. D. decreases for each additional worker.