Which of the following is true about a hierarchy?
a. It primarily acts as a residual claimant.
b. It is a group of individuals who make decisions.
c. It is an alternative to independent specialization of individual workers.
d. It is a group of individuals who hold shares of the company and are entitled to dividends.
C
Economics
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On January 25, 2009, one U.S. dollar traded on the foreign exchange market for about 1.15 Swiss francs. Therefore, one Swiss franc would have purchased about ________ U.S. dollars
A) 0.30 B) 0.87 C) 1.15 D) 3.10
Economics
Which of the following are determinants of differences in income?
A) age B) marginal productivity C) discrimination D) all of the above
Economics