Change raw goods into a more finished form Produce square Examples include: cotton mills oil refineries square food processors

Both Amy and Brad produce and consume apple pie and ice cream In one hour, Brad makes five apple pies or ten gallons of ice cream while Amy makes fifteen apple pies or fifteen gallons of ice cream. to Based on the information,one can correctly conclude that A Brad has an absolute advantage in making ice cream and will sell ice cream to Amy B Brad has a comparative advantage in making ice cream and will sell ice cream to Amy C Brad does not have a comparative advantage in making either good and will not trade with Amy D Brad has an absolute advantage in making apple pies but a comparative advantage in making ice cream

Which of the following best describes opportunity costs? potential benefits scarcity past expenses

Goodwill SEGA operates solely as a retail organization. True False

Multiple Choice Question What is the result of businesses being owned by the government, rather than by individuals? Businesses will be more competitive. C People may have little incentive to work hard. Profits will be higher. There will be no shortage of goods and services.

Which of the following factors would be an underwriting consideration for a small employer carrier? A. Claims experience B. Health status C. Percentage of participation D. Medical history of the employees

Shelly's husband, Keith, died on February 25, 2019 leaving Shelly with a three-year old son. If she does not remarry, what would her filing status be in 2024 if she still has her son living with her? Single Married - Filing Joint Married - Filing Separate Head of Household

In what way do people handle scarcity? Answer in two paragraphs1 -Explain what scarcity is2 -What can people do about it

42. The balance of an investment account is 308.32 greater than the balance 4 years ago. The current balance is 4708.57 . What was the balance 4 years ago?

5. Critical Thinking:The Optimal Balance a. Reflect on the relationship between free-market principles and government intervention. In your opinion, what is the optimal balance between allowing supply and demand to function freely and implementing government policies to regulate the market? b. Support your answer with evidence from the previous activities or real- world examples.

Hot Questions

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