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.
Answer: A
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The General Agreement on Tariffs and Trade focused on:
a. raising tariffs on agricultural products. b. lowering trade restrictions between countries. c. promoting full employment worldwide. d. increasing trade restrictions between countries.
The table above shows the PPF of an island community. Choose the best statement
A. Suppose that this community produces 3 pounds of fish and 20 pounds of berries. If it decides to gather more berries, it faces a tradeoff. B. When this community produces 4 pounds of fish and 12 pounds of berries it faces a tradeoff, but it is inefficient. C. Suppose that this community produces 5 pounds of fish and 0 pounds of berries. If it decides to gather some berries, it will get a free lunch. D. If this community produces 3 pounds of fish and 22 pounds of berries, production is efficient but to produce more fish it faces a tradeoff.