A bank divided in different divisions for consumer banking and business banking is an example of
a. An M-form of an organization
b. A functional organization
c. An N-form organization
d. All of the above
a
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Consolidation activity in the hospital industry
a. has slowed due to government regulations. b. has created a large number of nationwide for-profit hospital chains. c. has occurred almost exclusively at the local level. d. occurs for same reasons that cause consolidation in other industries.
Which of the following could help explain why professional football players have high salaries?
a. There is little social status attached to the occupation. b. Their marginal revenue products are typically very low. c. They face a high chance of having their careers cut short. d. Many college football players want to become professional football players. e. The labor market is perfectly competitive due to the players' union.