Identify a disadvantage of organizational charts
An organization chart only shows channels of formal authority. It does not contain information
about important informal relationships which may influence decision making. Equals on the chart may be unequal in practice, informal departmental alliances may affect decision making, and lower-level persons or departments can importantly influence decisions made at higher levels.
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If the unit cost of output for a car is $8000 and the price is $10,000 . what is the firms' markup over cost?
a. 125.0 percent b. 25.0 percent c. 80.0 percent d. 11.1 percent e. 20.0 percent
If new government regulations designed to protect wetlands remove very productive farmland from production, then the production possibilities frontier will shift inward
a. True b. False Indicate whether the statement is true or false
If licensing restrictions are used to limit imports, this is an example of a:
A. Non tariff barrier. B. Tariff. C. Trade deficit. D. Quota.
At very high levels of output, total cost tends to:
A. decrease at an increasing rate. B. increase at a constant rate. C. increase at an increasing rate. D. increase at a decreasing rate.