Which of the following is FALSE?
a. Maximizing division profits can sometimes lead to reducing company-wide profits
b. Managers of profit centers are usually given a lot of discretion in their decision making
c. Profit centers usually require the highest degree of attention by corporate headquarters
d. A manager being rewarded on division revenues has the most incentive to make good decisions for his division
c
Economics
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In the figure above, when the price of a disk is $B, total revenue is shown in the graph by area
A) BCF0. B) AGF0. C) FCDE. D) ADE0.
Economics
If average cost is declining,
a. marginal cost must be below average cost. b. firms would go bankrupt if all prices were set equal to marginal costs. c. marginal cost may be declining or increasing. d. All of the above are correct.
Economics