The groups with whom buyers identify and whose values or attitudes they adopt are referred to as Multiple Choice ethnic groups. reference groups. social classes. secondary groups. outgroups

Necessities have highly elastic demand curves True False

Which of the following would not be tracked on a master calendar? Select one: C a. School holidays b. Court appearances c. conferences d. staff vacation days Clear my choice

You are a builder trying to persuade future home buyers to buy your houses. Which presentation aid would be MOST useful to you? statistics about affordable housing in the United States a model of a house you are selling a list of all the possible amenities in a house a bar graph showing family incomes

The company justified Wynn's high compensation package, in the discussion case Executive Misconduct at Wynn Resorts by saying that: A He was the inspiration for the casino owner character in the "Ocean's"films. B His signature was the company logo. C He had led the company to total returns of 19 percent per year between 2002 and 2017. D His ex-wife was the only one who ever voted against him.

The perfectly competitive firm cannot influence the market price because it has market power. its production is too small to affect the market. it is a price maker. Laws do not permit them.

Multiple Choice Which of the following can be defined as "the potential for loss"? A. O Hazard B. Peril C. Transference D. Risk

The long-run aggregate supply curve will shift to the right if there is a decrease in population. the economy experiences high levels of inflation. net exports decrease. the economy experiences technological change

An item is sold for $\$ 8$ that has a $\$ 3$ cost of goods sold and $30\% $ operating expense cost. Use the formula below to calculate the net profit. First, enter the sales price. $Net\quad Profit=Sales\quad Price\quad -\quad COGS\quad -\quad Operating\quad Expenses$ $Net\quad Profit=\$ [?]-\$ [\quad ]-\$ [\quad ]$

Which of the following economic systems in theory seeks to eliminate poverty through economic regulation of the economy and high taxes that allow the government to provide basic needs to all citizens? free market economy communism socialism capitalism

Fiscal policies of state and local government are frequently pro-cyclical in that they __ the economy. worsen cause no changes in improve correct