Under which of the following conditions would a cost center be the best option?
a. Always, since they are largely run on their own
b. Never, since they require a high degree of the firm's attention
c. As long as the cost of monitoring is low
d. As long as the benefits from monitoring are low
c
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A tax cut initially
A) increases consumption expenditure by an amount greater than the tax cut. B) increases consumption expenditure by an amount equal to the tax cut. C) increases consumption expenditure by an amount that is less than the value of the tax cut. D) has no effect on consumption expenditure. E) reduces consumption expenditure by an amount that is less than the value of the tax cut.
The transactions demand for money is related to money functioning as a
A. medium of deferred payment. B. unit of accounting. C. medium of exchange. D. store of value.
If a consumer is compensated for the income effect that occurs when the price of a good increases, then his demand curves can never slope upward
Indicate whether the statement is true or false
Cyclical unemployment is caused by
A. reducing international trade barriers, which causes some industries to expand employment and others to reduce employment. B. people entering the labor force to search for jobs. C. technological progress, which causes some industries to expand employment and others to reduce employment. D. recessions.