Which of the following is TRUE?
a. Maximizing division profits always leads to maximizing company-wide profits
b. Managers of profit centers are not given any discretion in their decision making
c. Profit centers often largely run by themselves without a lot of executive oversight
d. A manager being rewarded on division revenues has no incentive to make good decisions for his division
c
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The Federal Reserve Board of Governors consists of:
a. 50 members selected by state legislatures. b. 12 members, one from each Federal Reserve District. c. 12 members nominated by the President and confirmed by the Senate. d. seven members elected by Congress. e. seven members nominated by the President and confirmed by the Senate.
The gross domestic product for the above economy is:
A. $100.
B. $95.
C. $110.
D. $107.