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:
How can you use the total revenue test to determine elasticity? You know a product is elastic if the price decreases as the total revenue goes down. You know a product is inelastic if the price increases as the total revenue goes down. You know a product is inelastic if the price decreases as the total revenue goes up. You know a product is elastic if the price increases as the total revenue goes down.
Collins believes that business and ethics are contradictory. Good ethics is antithetical with good management True False
Which of the following rating errors occurs when a manager gives low ratings to all employees by holding them to an unreasonably high standard? A severity error A halo error A leniency error A horns error
Which of the principles of AICPA Code of Conduct is most related artilce 5 of the California Accountancy Act? Responsibilities Due care The public interest Objectivity and independence Integrity Scope and nature of services
Multiple Select Question Select all that apply What are examples of economic factors that can help or hinder business? Taxation Contract enforcement Competition
Find the balance of a savings plan after 36 months assuming an APR of $10\% $ (compounded monthly) and monthly deposits of $\$ 105.$ $\$ 4,387.09$ $\$ 4,297.26$ $\$ 4,413.90$ $\$ 4,256.88$ None of the above.
Which is the better buy? 6-pack of envelopes for $\$ 0.36$ 9-pack of envelopes for $\$ 1.08$
Ten years after purchasing $\$ 8,000$ worth of shares in a mutual fund, you sell the shares for $\$ 6,850$ (at a loss). Find the annual return (to the nearest hundredth of a percent) on your investment. $-1.44\% \% $ $-1.54\% \% $ $-1.24\% \% $ $-1.89\% \% $ None of the above.
After all postings have been made the totals of the balances in the accounts receivable subsidiary ledger should equal the balance of the Accounts Receivable account in the general ledger. True or False True False
Which management approach was the first major approach to focus on informal work relationships and employee salisfaction? Bureaucracy Administrative management Scientific management Human relations
