Managerial coordination refers to the
a. process whereby persons share in the profits of a business firm.
b. process whereby managers direct employees to perform certain tasks.
c. process whereby individuals perform certain tasks based on changes in market forces.
d. behavior of a worker who is putting forth less than the agreed-to effort.

China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.

What effect does a rise in income have on demand? increases demand for normal goods decreases demand for normal goods increased prices on goods decreased prices on goods