Which term below is defined as the distribution of power across all levels of the organization?

A) flextime
B) decentralization
C) cross-functional teams
D) centralization

The price elasticity of demand is generally negative to reflect the indirect relationship between the quantity demanded of a good and its price.

The ________ orientation of the mid-twentieth century led firms to focus on "making marketable products."

A) sales
B) customer
C) strategic
D) managerial

Corporate bodies created by special legislation invariably lack capacity to enter into binding agreements.

If the public decides to hold more currency and fewer deposits in banks, bank reserves

A) decrease and the money supply eventually decreases.
B) decrease but the money supply does not change.
C) increase and the money supply eventually increases.
D) increase but the money supply does not change.

Kyla hires a contractor to remodel her home. She does not agree to a lien or sign any documentation giving the contractor a lien. He claims a lien on the house anyway. What type of lien does he have?

A) Statutory
B) Consensual
C) Judgment
D) Approved
E) Evaluated