__________ are conclusions or judgments about some issue or matter. a. Criteria b. Decisions c. Influences d. Problems ANSWER B
Date: September 9th, 2020
Unbundling mail services raises efficiency. Indicate whether the statement is true or false ANSWER T Others carry out postal functions only if they can perform them at lower cost than the U.S. Postal Service.
Date: September 9th, 2020
Price cap regulation improves cost control incentives relative to rate-of-return regulation. Indicate whether the statement is true or false ANSWER T The price cap comes from outside the firm, and because anything it can do to improve its profit will lead to gains it can keep, the firm has more cost control incentive.
Date: September 9th, 2020
We know the goal of a budget-constrained public enterprise. Indicate whether the statement is true or false ANSWER F Many possible goals might be pursued by a budget-constrained public enterprise, so for any one enterprise it is not easy to know its goal. It could try to control cost and pursue welfare through Ramsey […]
Date: September 9th, 2020
____________ is the process of making a choice between two or more alternatives. a. Bargaining b. Trading c. Decision making d. Goal setting ANSWER C
Date: September 9th, 2020
In the diagram of the decision tree, what lies at the bottom, the roots? a. The basic decision b. The alternatives c. Resources d. Values ANSWER D
Date: September 9th, 2020
Access can be very important in restructuring industries. Indicate whether the statement is true or false ANSWER T Access can give opportunity to other suppliers of service, and thereby it can allow a form of competition, which restructuring is intended to cause.
Date: September 9th, 2020
Good decisions meet many criteria, which of the following is not a main one. a. Quality b. Acceptance c. Flexibility d. Risk ANSWER D
Date: September 9th, 2020
Decision making is a process, what is the first step? a. Define the decision b. Estimate resources c. Consider alternatives d. Imagine consequences ANSWER A
Date: September 9th, 2020
A budget-constrained public enterprise may behave quite differently when entry is barred than it would when new entry is allowed. Indicate whether the statement is true or false ANSWER T With entry barred, the public enterprise might exploit a market where demand is less elastic to raise price and raise revenue for the enterprise. […]
Date: September 9th, 2020
