The organizational structure where there are staff departments that support other departments
a. functional
b. line and staff
c. product
d. matrix
Ans: b. line and staff
You might also like to view...
Suppose a permanent increase in demand for the Argentinean peso causes a chronic shortage of this currency in the foreign exchange market. The Argentinean government should then:
a. request other countries to revalue their currency. b. devalue the peso. c. allow the peso to appreciate. d. restricts exports. e. restrict imports.
If a supply curve shifts rightward along a downward sloping demand curve
a. the quantity supplied will increase b. the quantity supplied will decrease c. it makes no sense to talk about a change in quantity supplied d. the quantity demanded will decrease e. the price will increase
Suppose that nineteenth-century politicians had succeeded in their attempt to impose a “single tax”—a tax on suppliers of land (i.e., landlords). Most of the economic burden of the tax would have been borne by
A. renters, because the demand for land is generally less elastic than its supply. B. renters, because the demand for land is generally more elastic than its supply. C. landlords, because the demand for land is generally less elastic than its supply. D. landlords, because the demand for land is generally more elastic than its supply.
The passage of new legislation that imposes much less government regulation of business will most likely:
a. Increase aggregate demand b. Decrease aggregate supply c. Decrease aggregate demand d. Increase aggregate supply