Which of the following, if successful, always results in a complete cessation of trade in a certain product?
a. an import quota
b. an embargo
c. a trading bloc
d. a voluntary restraint agreement
b. an embargo
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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
Financial disintermediation occurs when:
a. Businesses no longer borrow directly in the bond market. b. Businesses no longer issue stock. c. Individuals no longer trade securities in the secondary market. d. Individuals withdraw funds from financial intermediaries and invest them elsewhere. e. All of the above.
An employee who prepares checks and submits them with supporting documents to the official authorized to sign checks should not be responsible for mailing the signed checks.
a. true b. false
There is general agreement among economists that a proposed fiscal policy should be evaluated for its:
A. Contribution to the purpose of "fine-tuning" the economy B. Contribution to the growth of exports and imports in the economy C. Potential positive and negative effects on long-run productivity growth D. Potential positive and negative effects on short-run business indebtedness