Included on the board of directors of Microsoft are John W. Stanton, the chairman of Trilogy Equity Partners, the executive president and chief financial officer of Gap, Inc Teri L. List-Stoll, and the former vice chairman of Bank of America Charles H
Noski. These three board members do not have a direct management role with Microsoft and are therefore referred to as
A) inside directors.
B) outside directors.
C) competitive directors.
D) honorary directors.
Answer: B
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For which of the following pairs of goods is the cross elasticity of demand positive?
A) tennis balls and tennis rackets B) videotapes and laundry detergent C) airline trips and textbooks D) beef and chicken
Suppose there are two countries that are identical with the following exception. The saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run
A) output per capita will be greater in B than in A. B) output per capita will be greater in A than in B. C) economic growth will be higher in A than in B. D) more information is needed to answer this question.