Weegy: What you give up to obtain an item is called your... opportunity ... The opportunity cost of an item is: what you give up to ... [ Explicit Cost; TR - total opportunity ... ] User: 17) Institutions in the economy that help to match one person's saving with another person's investment are collectively called the __________. A. Federal Reserve system B. monetary system C. banking system D. financial system Weegy: D. banking system User: 19) Game theory is important for the understanding of __________. A. competitive markets B. monopolies C. oligopolies D. all market structures Weegy: Game theory is important for the understanding of B. all market structures User: 32) When a company establishes technology leadership by pioneering unique products or services that command premium prices, it has benefited from a: A. High-cost strategy B. Differentiation strategy C. High-price strategy D. Diversification strategy E. Low-cost strategy Weegy: When a company establishes technology leadership by pioneering unique products or services that command premium prices, it has benefited from a: E. Differentiation strategy. User: 33) Which of these describes a vision, as it pertains to leadership? A. A long-term goal of an organization B. A short-term goal of an organization C. A mental image of a future state of an organization D. Likely to land you in a padded room E. The method through which leaders achieve goals Weegy: C. A long-term goal of an organization describes a vision User: 37) Which of the following statements does NOT support Total Quality Management? A. Strive for long-term improvement rather than short-term profit B. Creating silos between departments C. Break down barriers among departments D. Use numerical quotas E. Build long-term relationships instead of awarding business on price tag alone Weegy: C. Break down barriers among departments does NOT support Total Quality Management. User: 45) A financial ... (More)

Weegy: Which of the following is correct with regard to the relationship between law and ethics? Answer: A.)Although much of law is based on ethical standards, not all ethical standards have been enacted as law. [ ] User: 96) What was the holding of the U.S. Supreme Court in its 2000 decision regarding a Massachusetts law affecting firms doing business with the nation of Myanmar (formerly Burma)? A. The state of Massachusetts was ordered to not discriminate against firms from Myanmar. B. The Massachusetts law prohibiting the state government from purchasing goods or services from firms doing business with Myanmar violated the Supremacy Clause. C. The state of Massachusetts was prohibited from conducting business with firms based in Myanmar. D. Massachusetts was acting properly within its power in limited sales only within Massachusetts of firms conducting business with Myanmar. Weegy: The holding of the U.S. Supreme Court in its 2000 decision regarding a Massachusetts law affecting firms doing business with the nation of Myanmar (formerly Burma) was: B. [ The Massachusetts law prohibiting the state government from purchasing goods or services from firms doing business with Myanmar violated the Supremacy Clause. ] (More)