New classical economists believe that

A) wage and price controls are needed to help control inflation.
B) governmental intervention is destabilizing and harmful to the economy.
C) the federal government has abdicated its responsibility to promote a non-inflationary full employment economy.
D) antitrust laws should be toughened in order to restrain inflation.
E) people are irrational.

An organization is experiencing a shortage of certain key positions.What would be the first step it would take in conducting a HR supply analysis?

A) calculate the ratio of hires to retirees
B) determine the HR demand available
C) examine skills and management inventories
D) analyze the external environment

Starbucks decides to allocate 30% of their total online marketing funding to social media.This decision represents a variation of which of the following?

A) Competitive parity method.
B) Creative message strategy.
C) Percentage of ad spend method.
D) Center of excellence model.
E) Objective and task method.

Which of the following is an example of a real option?

A) The option to abandon a project is a real option.
B) A call option to abandon a project is a real option.
C) A put option to sell a common stock is a real option.
D) None of the above are real options.

Natural monopoly may result where products produce substantial network effects and can be simultaneously consumed by a large number of consumers.

Suppose you are in charge of product pricing and marketing strategy for a pharmaceutical company. You will have greater ability to independently set prices for your product if:

A) there are no close substitutes for your product.
B) there are lots of other firms selling closely related products in your market.
C) your market is perfectly competitive.
D) none of the above