Under which of the following conditions would a cost center be the best option?
a. Always, since they are largely run on their own
b. Never, since they require a high degree of the firm's attention
c. As long as the cost of monitoring is low
d. As long as the benefits from monitoring are low
c
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In a model of the saving rate, which of these relationships is most crucial?
A) the effect of the saving rate on government spending B) the effect of government spending on the saving rate C) the effect of the saving rate on taxes D) the effect of taxes on the saving rate E) the effect of the saving rate on the real wage
Computation of gross domestic product by the expenditure method would include the purchase of:
A. a school building by the U.S. Department of Education. B. fertilizer by a farmer. C. government bonds by a commercial bank. D. cement by a construction company.