Industrial unions are more likely to increase wage rates by restricting the supply of labor than are craft unions.

Which one of the following could lower the risk of a project by lowering the degree of operating leverage?

A) You could hire temporary workers from an employment agency rather than hiring part-time employees.
B) You could use sub-contractors to produce sub-assemblies of your product rather than purchasing new equipment to do the work in-house.
C) You could lease equipment on a long-term basis rather than buying the equipment.
D) You could lower the projected selling price per unit.
E) You could change the production method to one which relies more on fixed costs and less on variable costs than the current proposed method of production.

The transformation to Deming management is not just the manager's job, but everyone's job.

The competitive firm's long-run supply curve is that portion of the marginal cost curve that lies above average

A) fixed cost.
B) variable cost.
C) total cost.
D) revenue.

Which of the following is a general category of ethical principles often implied on certain categories of decisions and actions?

A) situational-effect principles
B) concern-for-others principles
C) balancing means principles
D) self-effacing principles

A European put option gives its holder the right to ________.

A) buy the underlying asset at the exercise price on or before the expiration date
B) buy the underlying asset at the exercise price only at the expiration date
C) sell the underlying asset at the exercise price on or before the expiration date
D) sell the underlying asset at the exercise price only at the expiration date