A negative externality or spillover cost occurs when Multiple Choice firms fail to achieve allocative efficiency. firms fail to achieve productive efficiency. the price of a good exceeds the marginal cost of producing it. the total cost of producing a good exceeds the costs borne by the producer.
Implicit costs are Multiple Choice the same as economic costs. comprised entirely of actual expenses paid by the firm for its inputs. opportunity costs of self-employed resources. always greater than accounting costs.
Price elasticity of demand is generally Multiple Choice greater in the long run than in the short run. greater in the short run than in the long run. the same in both the short run and the long run. greater for "necessities than it is for "luxuries."
If demand for farm crops is inelastic, a good harvest will cause farm revenues to Multiple Choice increase because of the increase in the quantity that farmers can sell. increase because of a downward movement along the supply curve, encouraging an increase in demand. decrease because of a percentage fall in price that is greater than the percentage increase in quantity sold. remain unchanged, because the increase in quantity that can be sold will be matched by an equal decrease in price.
Question 192 (1 point) What sales technique encourages a client to purchase additional services, products, or add-ons at the point of sale? a) Downselling b) Upselling c) Promotions d) Referrals
One explanation for the negative slope of the aggregate demand curve is the "wealth effect"(aka the "real-balances' effect). What is this effect? As inflation occurs, consumen buy fewer goods and services because the value of their accumulated wealth declines. As inflation occurs, the purchasing power of consumen increases as accumulated wealth increases in value. For normal goods, people buy more of a product if their income increasex Interest rates increase when prices rise as consumen try to borrow larger amounts of money to maintain their consumption. The higher interest rate discourages spending. According to the wealth effect, what happens as the price level falls? Consumption and investment spending decrease. Consumption spending decreases. Consumption spending increases. Consumption spending increases and investment spending decreases. Consumption and investment pending increase. Consumption spending decreases and invertment spending increases.
Question 2 of 3 A software company is facing challenges during a complex implementation process with one of their major client's. What question should the project team ask to help realign and sustain momentum with the client? How will this customer be different as a result of doing business with us? What are the specific technical requirements needed for completion? What is the client's current satisfaction level with the project? Can we expedite the timeline by increasing resources?
12. How much interest will you pay during the 14^th year of a 350,000 house price, 15 year, 6.5% monthly compounded, 80 LTV loan? None of these are valid answers 2779.11 7755.94 14,627.41 13,968.37
When is a decentralized organizational structure be more appropriate? When the information and decisions of different parts of the organization are not interrelated. When information from disparate sources must be aggregated to make good decisions. When a few high-stakes decisions are relevant. When projects must pass the whole chain of command before being accepted. Clear my selection
Which of the following tasks are performed at the BOH Expeditor Station?Choose all that apply. Answers A Place fries and toast on plates/boxes B Plate sauced Fingerz and sauced wings C Cut and place hot proteins on Zalads D B&C
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income Accounts payable decreased by Accounts receivable increased by Inventories increased by Cash dividends paid Depreciation expense Net cash provided by operating activities was: $\$ 120,000$ $\$ 71,000$ $\$ 70,000$ $\$ 24,000$ $\$ 110,000$
Builder's Outlet just hired a new chief financial officer To get a feel for the company, she wants to compare the firm's sales and costs over the past three years to determine if any trends are present and also determine where the firm might need to make changes Which one of the following statements will best suit her purposes?
Which of the following types of tasks would you MOST prefer at work? Following a work procedure Developing a work procedure Troubleshooting a work procedure Managing others as they follow a work procedure Training others on a work procedure
True or False 1 point Technology has changed the emphasis of promotion from promoting to customers to working with customers. True False
(Q015) Why is the Biennial Revenue Estimate (BRE) important? It is a constitutional requirement in the state of Texas. It makes the state comptroller accountable to citizens. It serves as a baseline for the budgetary process of the governor and legislature. It estimates salary raises for state employees.
Licensing is a trade agreement in which one company allows another company to use its names, products, packaging and brand. True False
What is one of the primary responsibilities of an assembler? a. Designing new products b. Assembling products according to guidelines and specifications c. Conducting customer surveys d. Preparing financial reports In a logistics environment, what additional responsibility do assemblers often have? a. Operating heavy machinery b. Conducting sales meetings c. Cleaning office spaces d. Preparing and packaging items for shipment What characteristic is critical for success as an assembler? a. Ability to successfully manage repetitive tasks with high level of accuracy b. Strong leadership skills c. Extensive knowledge of marketing d. Advanced computer programming skills
Coffee and cream: are both luxury goods. are both more inelastic in demand in the long run than in the short run. are complements. have a positive cross price elasticity of demand.
McHenry Sales has sales of $\$ 938,300$ cost of goods sold of $\$ 688,050$ and inventory of $\$ 98,880$ How long, on average, does it take the firm to sell its inventory? Multiple Choice 52.45 days 59.01 days 61.10 days 48.68 days
Risk management is a process to Multiple Choice minimize dangec hazard, and liability. assess liability insurance. manage difficult patients. manage billing and coding to ensure the best reimbursement.
