Multiple Choice
Small firms survive in some industries because:
A) the owner usually knows the workers by name.
B) the gains from specialization are high.
C) the incentives to shirk are low.
D) the cost of monitoring employees is low.
Correct Answer:
Verified
Correct Answer:
Verified
Q52: Jack has one half of a $10,000
Q53: Successful firms depend on:<br>A)individual self interest.<br>B)disinterested cooperation.<br>C)teamwork
Q54: A theory of the firm:<br>A)must explain why
Q55: The structure of a firm will depend
Q56: A good example of a residual claimant
Q58: Examples of partnerships include:<br>A)small firms.<br>B)marriages but not
Q59: Adam Smith praised the benefits of specialization
Q60: Modern theories of the firm are based
Q61: An application in the textbook suggests economic
Q62: Which of the following is not a