The components of a well-run incentive compensation scheme include all of the following EXCEPT
a. evaluating the identified performance measures
b. avoiding rewards for outcomes that are not included in the performance measures
c. demonstrating that evaluators can be influenced with small favors
d. identifying the relevant measures on which to evaluate employees
c
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Assume the U.S. government wants to hold the value of the dollar at $1.00 U.S. equals 100 Japanese yen, but it finds that the value of yen is appreciating against the U.S. dollar. What would be an appropriate policy to reverse this trend?
A) Buy more Japanese goods. B) Buy U.S. dollars. C) Sell U.S. dollars. D) Encourage U.S. investments abroad.
A simple way of describing the social cost of monopoly is to say that it
A) produces too much. B) makes too much money. C) has too much political power. D) restricts output and charges a higher price than a perfectly competitive firm.