All of the following describe the conflict between divisions EXCEPT
a. Divisional managers are rewarded for the efficiency of their divisions
b. managers of profit centers care too little about the effects of their decisions on other divisions
c. managers are rewarded only for how well their own division is run
d. corporate executives cannot tell when one divisional manager's decision is appropriate or not
a
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If the government grants a firm a public franchise to supply coal, a monopoly is created by
A) a natural barrier to entry. B) a legal barrier to entry. C) price discrimination. D) All of the above answers are correct.
When the Fed buys government bonds,
a. the money supply increases and the federal funds rate increases. b. the money supply increases and the federal funds rate decreases. c. the money supply decreases and the federal funds rate increases. d. the money supply decreases and the federal funds rate decreases.
In the study conducted by Miles Corak, which of the following countries had the weakest relationship between parental and child income?
A. France B. Denmark C. United Kingdom D. United States
If a positive permanent supply shock were to occur, the resulting equilibrium would be a:
A. higher level of output at lower prices. B. lower level of output and prices. C. higher level of output and prices. D. lower level of output at higher prices.