Fill In the Blank Question The square strategy recommends that the missing values be replacen with some reasonable imputed values.
se square [Choose] law of diminishing marginal returns allocative efficiency production efficiency rational behavior comparative advantage sunk costs greed marginal costs opportunity costs alternative these costs should be ignored maximizing output per unit of input as additional increments of resources to producing a good or service are added the marginal benefit from those additional increments will decline specialize in producing a good in which you have a lower opportunity cost than a potential partner a person acts in his/her own self-interest square v square v
Fill in the Blank Question Consumers need to consider the opportunity cost, or the square best alternative given up, of each decision. Even square has an opportunity cost because you cannot necessarily put a monetary value on it.
This year, a salesman sells a total of 60,000 worth of steak knives by going door-to-door.This represents a 20% increase from the year before. What was the value of his sales last year? 45,000 48,000 50,000 52,500
Gross earnings refers to the amount of earnings on a paycheck after the payroll deductions have been withheld. False True
When exchanging from your currency to another country's currency using a foreign rate exchange table, you should __ (1 point) multiply the amount you have by the exchange rate divide the amount you have by the exchange rate add the amount you have to the exchange rate subtract the amount you have by the exchange rate
The part of a business plan that is most likely to cover in -depth things like the CEO (Chief Executive Officer)other high-level directors, contacts in the industry who can help you, and your mission statement is: (1 point) the executive summary. the business description. management and organization. the market analysis.
What does an accountant analyze to gather the relevant information for adjusting entries? A. Transactions B. Deferrals C. Ledgers D. Accruals
Use this study guide to keep track of the important concepts covered in this activity.If yo answering any of the questions, check with your instructor. Save these study guides for preparing for quizzes and tests. 1. What is an entrepreneur? (page 1)
Where are we in the business cycle? Scenario 3 There were only two customers in Jeanette's Diner."This makes 12 customers so far this week," moaned Jeanette. She is right. It was all over for her diner when the factory across the street shut down. Although many people are still employed in their small town.things are starting to slow down. People are eating out less and workers are bringing their lunch to work instead of going to her diner. "I wonder if I should just give up and shut down before things get really bad?" she wonders to herself. Stage: Support:
There is asymmetric information in the used-car market because $\square $ $\square $ cannot distinguish between lemons and plums buyers
Which part of the change management process asks how the project will align with the organization's current mission and strategy? Plan for the change Scope of the change Purpose of the change Change implementation
Most insurance companies today use a pricing scheme called __ community rating, where the price of insurance differs for every firm experience rating, where the price of insurance equals the cost of providing coverage based on the medical history of the firm's employees community rating, where the price of insurance equals the cost of providing coverage based on the medical history of the firm's employees IDONT KNOWYET
Costs that will differ between alternative courses of action and influence the outcome of a decision are called unavoidable costs. product costs. sunk costs. relevant costs.
__ is defined as all of the activities concerned with obtaining money and using it effectively. Long-term financing Budgeting Financial management Accounting
True or False: Based on the fact that both Velvet Brew and Crimson Bean increased production from the initial cartel quantity, you know that the output effect was larger than the price effect at that quantity. True False
What is considered a "credit" to your checking account? Using your debit card Paying bills online Writing a check Making a deposit
Which of the following is a common cause of plumbing-related accidents and injuries? A. Proper safety planning B. Failure to lockout/tagout devices C. Disabling a safety device D. Lack of training
How many units would there have to be in an apartment building to make it necessary for the owner to hire an onsite resident manager? 20 or more units 18 or more units 16 or more units 14 or more units
Porter's four generic strategies for achieving competitive advantage are: cost focus. consumer differentiation. focused differentiation. differentiation. cost leadership.
