An example of organizational architecture based on production of intermediate products is when divisions are defined as
a. R&D, Engineering, Production, Marketing, Sales
b. Component 1 Plant, Component 2 Plant, Component 3 Plant, Final Assembly
c. Store 1, Store 2, Store 3, Region A, Region B, Sales Division
d. Business Customers, Educational Customers, Household Customers
b
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Comparing the median income of all white males to the median income of all black males in order to determine the impact of job-market discrimination on earnings tends to
a. overestimate the impact because it does not account for differences in education and job experience b. underestimate the impact because it does not account for differences in education and job experience c. overestimate the impact because it accounts for differences in education and job experience d. underestimate the impact because its accounts for differences in education and job experience e. correctly estimate the impact
If a perfect competitor is currently charging $9 for its product and the marginal cost of the last unit produced is $6, the firm should
a. cut back production and increase price b. stay at its current price and output level c. increase price and output d. increase price and hold output constant e. increase output