A price elasticity of -2 means that a price reduction of one percent will result in ________
A) a decrease in volume by 2%
B) a decrease in volume by 20%
C) an increase in volume by 2%
D) an increase in market share by 20%
E) a decrease in market share by 2%
C
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Travis, an accounting manager at a hospital equipment company, has just attended software training where he learned new processes that could benefit his staff. On the plane home he began planning how he would train everyone in order to help the department reach its goals. Travis's approach is most characteristic of what type of organization?
A. A bureaucratic organization. B. An operations research organization. C. A systems organization. D. A management science organization. E. A learning organization.
What is it called when a subordinate respectfully confronts or challenges a supervisor regarding a work related issue?
A. authentic leadership B. servant leadership C. courageous followership D. whistle blowing
Pro forma financial statements may be valuable for which of the following reasons?
A) To help us estimate how profitable a firm is expected to be B) To help determine if and how much debt financing is required C) To help banks determine if firms are likely to meet lending standards D) All of the above
Which of the following is not a taxpaying entity?
A. individual B. C corporation C. partnership D. All of the above are taxpayers.