Of the following which group would be considered EXTERNAL PLAYERS of the firm?
A) The loan officer at the firm's commercial bank
B) The shop foreman
C) The human resources manager
D) All of the above
Answer: A
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If A is an inferior good and consumer income rises, the demand for A:
a) increases and the equilibrium price rises but the equilibrium quantity decreases. b) increases and the equilibrium price and the equilibrium quantity increase. c) decreases and the equilibrium price and the equilibrium quantity decrease. d) decreases and the equilibrium price falls but the equilibrium quantity increases. e) decreases and the equilibrium price rises; as a result, the equilibrium quantity decreases.
A proposal written to people within your organization is considered to be a(n) _____ proposal
A) solicited B) external C) formal D) internal E) unsolicited