Fama and Jensen suggest that "the form of organization that survives in an activity is the one that delivers the product demanded by customers at the lowest price while covering costs." This is an example of
A. defective organizational architecture.
B. market and organizational efficiency.
C. economic benchmarking.
D. market and organizational equity.
Answer: B
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If the Fed wants to increase the value of the dollar, it will
A) sell foreign securities and buy dollars in international currency markets. B) buy foreign securities and sell dollars in international currency markets. C) buy foreign securities and also buy dollars in international currency markets. D) sell foreign securities and also sell dollars in international currency markets.
A fiduciary monetary system is dependent on
A) acceptability and predictability of value. B) precious metals backing fiat money. C) Congressional monetary support. D) a negative inflation rate.
The marginal revenue product of land curve indicates
a. the additional output generated by an additional unit of land, other things constant b. the additional cost to the firm when it employs an additional unit of land, other things constant c. the additional profit the firm earns when it employs an additional unit of land, other things constant d. the additional revenue the firm earns when it employs an additional unit of land, other things constant e. the amount of land required to produce an additional unit of output, other things constant
If the overall balance in the balance of payments account is in ________, there can be an accumulation of official reserve assets by the country or a decrease in foreign official reserve holdings of the country's assets.
A. surplus B. equilibrium C. deficit D. remission