During the global financial crisis of 2008-2009, it appeared that overt global policy coordination was not practiced, but countries were all following similar policies, such as decreasing interest rates

Which of the following is most likely to have an income elasticity of demand that is less than 1?

A) movies B) airline travel C) foreign travel D) food E) restaurant meals

Which of the following is true of matrix organizations?

A. Employees are more likely to focus on the overall business process rather than on their functional specialty. B. Influence costs are low as there are separate product and functional managers. C. Employees have strong incentives to cooperate with other teams within a company. D. There are well-defined lines of authority, eliminating scope of interdependence and lack of incentives.