Examples of precommitments, to deal with people's time inconsistency problems, include the following except:
A. Automatic payroll deductions
B. Debit card accounts
C. Early withdrawal penalties
D. Salary smoothing
B. Debit card accounts
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Which of the following is generally not considered to be government regulation of the private sector:
a. price controls b. requiring a permit to do business c. laws that state the rights of parties to a contract dispute d. restrictions on how companies hire and fire labor e. all of the above are considered regulation
What is cost-benefit analysis? Describe the process of cost-benefit analysis
What will be an ideal response?
Which is a possible solution to a divisional conflict regarding a decision
a. change the division that has the authority to make the decision b. change the information flow so that the decision maker is better informed c. change the evaluation and reward scheme governing the decision maker d. all of the above
Since the 1980s, Wal-Mart stores have appeared in almost every community in America. Wal-Mart buys its goods in large quantities and, therefore, at cheaper prices. Wal-Mart also locates its stores where land prices are low, usually outside of the community business district. Many customers shop at Wal-Mart because of low prices. Local retailers, like the neighborhood drug store, often go out of
business because they lose customers. This story demonstrates that a. consumers do not react to changing prices. b. there are diseconomies of scale in retail sales. c. there are economies of scale in retail sales. d. there are diminishing returns to producing and selling retail goods.