31) The table above shows a production possibilities frontier for an economy. If the economy tried to produce a combination of 250 loaves of bread and 800 books, A) there is some unemployment. B) there is full employment. C) the tradeoff between bread and books is inefficient. D) it cannot produce this combination because it lacks enough resources or technology. E) it is enjoying […]
11) Kevin owns a personal training gymnasium in Orlando. The above figure shows the demand and cost curves for his firm, which competes in a monopolistically competitive market. Kevin will train how many clients per day? A) 4 B) 6 C) 10 D) between 2 and 4 E) None of the above answers is correct. 12) Kevin owns a personal training gymnasium in […]
11) Using fuel taxes to pay for maintaining public highways is an example of A) the benefits principle of fair taxation. B) horizontal equity approach to taxation. C) vertical equity approach to taxation. D) the ability-to-pay principle of taxation. E) the excess burden from taxes. 12) The 2010 health care reform included a 10 percent tax on indoor tanning services. This tax would reflect […]
17.4 Monetary Policy in the Dynamic Aggregate Demand and Aggregate Supply Model Figure 17-6 1) Refer to Figure 17-6. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, the Federal Reserve would most likely A) increase interest rates. B) […]
76. The following overhead cost information is available for Millennium Inc. for 2011: Activity Allocation Base Overhead Cost Purchasing Number of purchase orders $450,000 Machine setups Number of setups 180,000 Quality control Number of inspections 80,000 During the year, 7,500 purchase orders were issued; 18,000 machine setups were performed; and 3,000 inspections were conducted.Required: A. Calculate the overhead rates for […]
11) Suppose the price of a can was $5.10. In this case, to maximize its profit, the firm illustrated in the figure above would A) decrease its production and would make an economic profit. B) not change its production and would make zero economic profit. C) not change its production and would make an economic profit. D) decrease its production and would incur an […]
91.Which of the following firms should concentrate its production in a decentralized location? A. Univion Inc. operates in an industry where national differences in political economy and culture have a substantial impact on its cost of production. B. Saturn Inc. operates in an industry where volatile fluctuations in important exchange rates are expected. C. Brew Technology manufactures industrial machines and equipment that serve universal needs. D. Gold Dreams Inc. customizes […]
71.Which of the following would be appropriate to try if you experience symptoms of hypoglycemia? a.Eat regularly timed meals. b.Consume protein with carbohydrate. c.Choose more refined grain products. d.a and b e.a and c 72.What would be the best advice regarding physical activity for a person with diabetes? a.Regular physical activity is beneficial for controlling weight and tissue sensitivity to insulin in […]
21) The term structure of interest rates refers to A) the general observation that the yield on 30-year government bonds is less than the yield on 90-day Treasury bills. B) the variance of the different interest rates available in the economy. C) the composition of the market interest rate. D) the variation of the market interest rate over the span of one year. E) […]
51. Consider the following reaction. CrCl3(s) + KCl(s) + 2H2SO4(l) ? KCr(SO4)2(s) + 4HCl(g) green white colorless purple colorless solid solid liquid solid gas When the green solid is mixed with the white solid and the colorless liquid is added, the mixture starts to bubble and fume. When all action has stopped, a wet purple solid containing solid white specks remains. Which […]
This week, your role will be an organizational change agent evaluating the organization that you have chosen to analyze in this course. To complete this assignment, research the 4 steps of strategic management change, identify a change that has occurred in your organization, and then detail the organization's progression through the 4 steps of strategic management change. In addition, identify some ways that your organization fosters learning and development, utilizes knowledge management, and utilizes strategic systems-oriented approaches to foster positive change.
The 4 steps of strategic management are as follows:
Environmental scanning
Strategy formulation
Strategy implementation
Strategy evaluation
The types of change that you may examine in your organization include the following:
Strategic: Sometimes, in the course of normal business operation, it is necessary for management to adjust the firm's strategy to achieve the goals of the company, or even to change the mission statement of the organization in response to demands of the external environments.
Structural: Organizations often find it necessary to redesign the structure of the company because of influences from the external environment.
People-centered: This type of change is aimed at altering the attitudes, behaviors, skills, or performance of employees in the company.
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