Velocity is the rate at which money changes hands.

One factors that limits a poor nation's economic growth is

A. insufficient labor. B. increased urbanization. C. an overabundance of capital formation. D. lack of entrepreneurial ability.

In which of the following cases will centralization of decision making be appropriate?

a. When different departments in an organization function separately without much interrelation. b. When information necessary for the decision making process originates from a variety of sources. c. When the organization expands in size and its activities become more complex. d. When all the information comes from an external source.