Which of the following is not part of the process of creating an internal job structure?
A. Collect and summarize work content information
B. Determine what to value
C. Quantify the relative value
D. Assess the cost of the product or service
D. Assess the cost of the product or service
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According to the “law” of demand, we would expect
A. the demand curve to be negatively sloped. B. the demand curve to be positively sloped. C. the total quantity demanded by the market to move in the same direction as price. D. marginal utility to increase as quantity demanded increases.
Bob's Butcher Shop is the only place within 100 miles that sells bison burgers. Assuming that Bob is maximizing his profit, which of the following statements is true?
a. The price of Bob's bison burgers will be less than Bob's marginal cost. b. The price of Bob's bison burgers will exceed Bob's marginal cost. c. The price of Bob's bison burgers will equal Bob's marginal cost. d. Costs are irrelevant to Bob because he is a monopolist.
When solving collective action problems, a major barrier is the free rider problem, which occurs when actors
a. reap the benefits without contributing any effort. b. harvest the resources of other nations. c. increase their consumption in a sudden and dramatic way. d. are forced to live with control and domination.
Which of the following compose the reserves of a commercial bank?
A. checkable deposits and time deposits B. vault cash and deposits of the bank with the Federal Reserve C. U.S. securities and stock equity D. cash and U.S. securities