The features of the U-Form of firm organization are
a. workers can easily develop a high degree of functional expertise
b. it is difficult for employees to share information across positions within a division
c. employee evaluation is hampered by managers having different skill sets than workers
d. coordination across divisions is simple and does not take much management time
a
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Comment on the following statement: "The shape of a firm's long-run average cost curve is determined by both external and internal economies (or diseconomies) of scale."
What will be an ideal response?
Which of the following is TRUE about exchange rates?
A) They should not be volatile because they will determine the economic climate. B) They are generally more volatile than stock prices. C) They are more volatile than several underlying factors that move them such as money supplies and fiscal variables. D) They should be volatile because to correct price signals they adjust quickly in response to economic news, but they are generally less volatile than stock prices. E) They never overreact to economic news.