Natural monopolies are found to violate Section 2 of the Sherman Act
Indicate whether the statement is true or false
FALSE
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If the Swiss demand for dollars is elastic, then a depreciation of the dollar against the franc will lead to a greater quantity of francs being supplied to the foreign exchange market to obtain dollars.
a. True b. False
Which of the following best describes a balanced scorecard?
A. an arrangement in which the organization distributes shares of stock to all its employees by placing the stock into a trust B. a combination of performance measures directed toward the company's long- and short-term goals and used as the basis for awarding incentive pay C. a performance review process where the organization collects feedback from customers, managers, and subordinates; assigns ratings; and lists them on the company's performance card D. a system designed to measure the performance of HR personnel based on the quality of recruitment E. a type of incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary
Which of the following does not tend to be a problem with the labor relations system in China?
A. Workers lack a true freedom of association because the ACFTU is the only legally approved union organization B. The ACFTU has not pushed for stronger labor legislation and labor reform at either the national or local levels C. The ACFTU is closely intertwined with the Communist Party and therefore not independent of the political system D. Enforcement of labor laws is not a given; rather, it is dependent upon complex dynamics between local union officials, managers, and local government officials
Pederson Home Heating Inc. anticipates that cash flows from home heating fuel sales next year will be $800,000 if the winter is mild, $1,000,000 if winter is average, and $1,500,000 if winter is exceptionally cold
The probability of an average winter is 60%, while the probability of either a mild or an exceptionally cold winter is 20%. What is Pederson's expected cash flow from fuel sales next winter? A) $1,060,000 B) $1,100,000 C) $1,000,000 D) $1,150,000