A) society is conserving resources in order to save them for the future. B) society's goods and services are distributed equally among society's members. C) society's goods and services are distributed fairly, though not necessarily equally, among society's members. D) society is getting the most it can from its scarce resources.
A firm uses 3 factors of production.Its production function is f(x, y, z) minx3/y, y2, (z4 x4) /y2.If the amount of each input is multiplied by 6, its output will be multiplied by
A) 216. B) 36. C) 6. D) 0.16. E) The answer depends on the original choice of x, y, and z.
The input cost changes that occur after the purchase of inventory items in a current cost accounting system are recognized as unrealized holding gains.
Creative Advertising Corp.wants its 100 employees to work together around specific clients yet maintain an equal emphasis on alignment with their skill specializations (advertising, graphics, copywriting and public relations) .Which of the following organizational structures would work best for Creative Advertising Corp.?
A) Matrix structure that overlays a geographic and client structure B) Simple structure C) Network structure D) Client-based divisionalized form E) Matrix structure that overlays project teams with a functional structure