Which of the following is FALSE?
a. Maximizing division profits always leads to maximizing company-wide profits
b. Managers of profit centers are usually given a lot of discretion in their decision making
c. Profit centers usually largely run themselves
d. A manager being rewarded on division revenues has the most incentive to make good decisions for his division
a
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Open market operations are the
A) purchase or sale of government securities by the Fed. B) lending of reserves to the banking system by the Fed. C) borrowing of reserves by the Fed from the banking system. D) minimum percentage of loans that banks must retain as reserves in the open market. E) purchase or sale of gold by the Fed.
If the marginal product of labor is equal to 5 and the marginal product of capital is 2, what is the marginal technical rate of substitution?
What will be an ideal response?
A temporary embargo on oil from Saudi Arabia going in to the United States would
A. shift only the long-run aggregate supply curve to the left. B. shift both the short-run and long-run aggregate supply curves to the left. C. shift the long-run aggregate supply curve to the right. D. shift only the short-run aggregate supply curve to the left.
Answer the following questions true (T) or false (F)
1. The total value of U.S. Treasury bonds outstanding is called the federal government debt. 2. The cyclically adjusted budget is calculated at potential GDP. 3. A law requiring the government to balance its budget in each year would serve as an automatic destabilizer.