Biology Forums - Study Force

An increase in the price of a firm's output will shift the firm's demand curve for labor to the right, other things being equal.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 2

In which of the following areas are partnerships common?
 a. Contract jobs won through bidding
  b. A large multinational corporation
  c. Small firms producing semi-finished goods
  d. Professional group practices

QUESTION 3

Agents hire principals.
  Indicate whether the statement is true or false

QUESTION 4

Other things being equal, if the quantity of labor supplied is less than the quantity of labor demanded, wages will tend to fall.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 5

Partnerships whose members have _____ can face difficult problems operating and reaching decisions.
 a. diverse functions
  b. specialized functions
  c. multiple functions
  d. limited functions

QUESTION 6

Research seems to suggest that corporate culture
 A) is unrelated to stock performance.
  B) is closely related to stock performance.
  C) helps determine the cost of capital.
  D) is easily transferable across organizations.

QUESTION 7

The marginal resource cost of input is the amount that an extra unit of that input adds to the firm's total costs.
 a. True
  b. False
  Indicate whether the statement is true or false

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