Hayle Motors specializes in the production of fire trucks and has production units in five countries. Which of the following is NOT true about Hayle Motors?
a. It is a geographically divisionalized organization.
b. It is divisionalized along product lines.
c. Each of its five production units in the five countries function as stand-alone firms.
d. Activities in each of its five units may be categorized functionally.
B
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______________ is the additional output that can be produced by adding one more unit of a particular input while holding all other inputs constant.
Fill in the blank(s) with the appropriate word(s).
A firm that has two or more owners who share decision-making power as well as the firm's profits is called
A) a corporation. B) a joint-stock company. C) a partnership. D) a non-profit organization. E) a single proprietorship.
Given the limits of international cartel power, one alternative for a developing country to put upward pressures on the world prices of its primary product exports is to
A. tax its primary-product exports. B. impose tariffs on primary-product imports. C. subsidize its manufacturing imports. D. subsidize its primary product exports.
An overvalued currency can be maintained:
A. even in the face of prolonged speculative attacks. B. only until international reserves are exhausted. C. as long as the government is willing to defend the currency. D. indefinitely.