Compared to Rationing by Prices,non-Price Rationing by Queuing

question 37

Multiple Choice

Compared to rationing by prices,non-price rationing by queuing:

• A)is more efficient in that those who value the good or service most are more likely to get some.
• B)is less efficient in that waiting in line imposes a cost on those waiting in line,with no offsetting benefit to the seller.
• C)is less efficient in that in order to sell more of the good or service,suppliers will have to increase the quality of their product beyond what the consumer desires.
• D)is more efficient in that in order to sell more of the good or service,suppliers will have to increase the quality of their product beyond what the consumer desires.

Identify the three foundational questions addressed by financial managers in organizations.

Recognize the significance of capital structure and its impact on a firm's finances.

Understand the concept of financial markets and their importance in the corporate cash flow cycle.

Grasp the implications of stockholder liability and its effects on market operations.

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