Societies are faced with which three basic questions about production of goods? A) what, how, and why B) what, where, and when C) what, how, and for whom D) when, where, and for whom
Which of the following is the correct maturity value equation for a loan of 1,000 for 30 days at 1.2%
25. When supply is low and demand is high, prices generally: A) Decrease B) Stay the same C) Increase D) Disappear
What is considered the biggest dilemma in economics? The Big 4 Factors of Production Supply and Demand Scarcity
Which of the following best describes the concept of scarcity? A . ) Resources and wants are both unlimited B D Resources are limited and cannot satisfy all wants C . ) Wants are limited and resources are abundant D . ) Resources are infinite and can satisfy all needs
Which of the following is an asset? Land Mortgage Bank Loan Accounts Payable
What is the result of an increase in accounts payable during a period? Expenses on an accrual basis are the same as expenses on a cash basis. Expenses on an accrual basis are less than expenses on a cash basis. Expenses on an accrual basis are greater than expenses on a cash basis. Revenues on an accrual basis are less than revenues on a cash basis.
Fay is conducting a feasibility study for her new business idea. She's examining whether she has enough capital to start it on her own or whether she needs to find investors. What component of a feasibility study is Fay examining? resources competition efficiency substitution
If you wish to create a portfolio of stocks, what is the required minimum number of stocks? You must invest in at least two stocks of one corporation. You must invest in the stocks of at least 30 corporations. You must invest in stocks of more than one corporation. You must invest in stocks of at least 10 corporations.
30 Identifying hazards is the first step in risk assessment. True False
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
