Business

Supply is considered elastic whenever the elasticity of supply value is any negative number. positive and gt 1 equal to zero. positive and lt 1

Consider the following pairs of items: a. shampoo and conditioner b. iPhones and earbuds c. a laptop computer and a desktop computer d. beef and pork e. air travel and weed killer Which of the pairs listed will have a positive cross-price elasticity? a and b only c and d only e only a, b, and c only

Which of the following could explain why the demand for table salt is inelastic? Salt is a luxury for high-income consumers but a necessity for low-income consumers. Households devote a very small portion of their income to salt purchases. Salt is a rare commodity. Salt is a luxury good.

Which of the following is an example of a quasi-public good? crime prevention stock of knowledge in the public domain cable television organic apples

When production generates a negative externality, the true cost of production is the average cost of production. public cost of production. social cost of production. private cost of production.

A company is using __ departmentalization if it divides employees into groups based on what type of work they do. process functional geographic product

AUL policy deducts all of the following charges from the cash value monthly EXCEPT A) pure insurance and expenses B) pure insurance C) expenses D) loan interest

Select all that apply Which of the following are NOT responsibilities of medical assistants when taking a supply inventory? Calculating the budget for supplies Following correct payment procedures Letting the office manager put away the supplies Giving the responsibility to the lab manager

The sales tax in California is considered to be a(n) __ tax. progressive regressive excise use

Select the correct answer. Mrs. Swanson comes in to return a bottle of vitamins that she says wasn't used, but you notice that the seal over the mouth of the bottled vitamins is broken. What should you do? Mrs. Swanson is a longtime customer and you trust her. Refund the product to Mrs. Swanson and place the product back on the shelf for sale. Although Mrs. Swanson is a valued customer, refuse to accept the return since the seal is broken. Process the return for Mrs. Swanson and place it with damages for processing.