When skilled employee technicians are required,potential plant location choices become more limited.

Customer interaction is often high for manufacturing processes, but low for services.

An economy's production of two goods is efficient if

A) the goods are produced using only some of society's available resources.
B) the economy is producing at a point inside the production possibilities frontier.
C) it is impossible to produce more of one good without producing less of the other.
D) it is possible to produce more of one good without producing less of another good.

________ is behaviour that derogates, demeans, or humiliates an individual based on that individual's sex.

Resource X has many close substitutes,whereas resource Y has no close substitutes.Other things equal,we would expect:

A) the demand for resource Y to be more elastic than the demand for resource X.
B) resources X and Y to be close substitutes.
C) resource X to be more expensive than resource Y.
D) the demand for resource X to be more elastic than the demand for resource Y.

Milton Friedman,a leading monetarist,believes the Fed should not manage the money supply in a discretionary manner.Which of the following statements is NOT a reason for Friedman's belief?

A) The limitations of our knowledge make any discretionary policy very unpredictable.
B) The past performance of the Fed has not given a strong indication that it has the ability to regulate the money supply in such a manner.
C) Friedman advocates the rule of steady monetary growth.
D) Discretionary monetary policy promotes confidence within the business community by providing a greater amount of stability to money and credit.

__________ is a work unit or department headed by a manager and that operates as a smaller component of a larger and total organisational system.

A) A subsystem
B) An upside-down pyramid
C) An organisation chart
D) None of the options listed
E) All of the options listed