Multiple Choice
Which of the following explains why business owners have a strong incentive to strive for operational efficiency?
A) they recognize that operational efficiency promotes the public interest.
B) since the owners are residual income claimants, increased efficiency will mean a higher income for the owners.
C) if production is not conducted efficiently, the firm will ship jobs and capital out of the domestic market in order to be able to compete effectively.
D) Increased operational efficiency allows the firm to receive government tax breaks.
Correct Answer:
Verified
Correct Answer:
Verified
Q171: The difference between zero accounting profit and
Q172: When total revenue minus total economic cost
Q173: Which of the following would cause a
Q174: Women earn less on average than men.
Q175: Mr. Jones pays his employees by the
Q177: The normal rate of return on equity
Q178: Interest foregone on financial capital invested in
Q179: Which of the following explains most accurately
Q180: In the years ahead we can expect
Q181: Which of the following would cause a