F. W. Taylor believed that the traditional shop foreman, by himself, was unable to properly monitor workers under conditions of increased productivity. Instead, Taylor established a cluster of eight supervisors with specific functions. Under this system the individual machinist had an inspector, a gang boss, speed boss, and repair boss to report to in the production side of the business. On the planning side of the business, each employee reported to an instruction card clerk, time and cost clerk, order routing clerk, and a disciplinarian. Which of Henri Fayol's 14 principles of management does this approach contradict

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

Because the demand for wheat tends to be inelastic. true or false