How does a firm generally respond to higher demand for its goods?

a. it rations goods.

b. it raises prices.

c. it cuts prices.

d. there is no set response to this situation.

What is indifference curve

Which journal entry reflects the adjusting entry needed on December 31?: Last year, BOC purchased a building for $1,000,000. The expected life of the building is 20 years and its expected salvage value is $200,000.

What is the human capital perspective argument for diversity management in leadership and management?

Which goal is an example of a measurable goal

An entity has decided to focus strictly on producing and selling one type of teddy bear. For the upcoming year, the entity hopes to make a 25% profit on sales. Fixed costs are set at $51,000, and variable costs are $9.50 per unit.

If the reserve requirement was 15% and a bank customer makes a deposit of $500, the initial result would be: a. a $3,333 increase in required reserves and an $425 increase in excess reserves. be.

The following standards have been established for a raw material used to make product O84: Standard quantity of the material per unit of output 8.9 meters Standard price of the material $ 19.

Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment of $18,000 cash.

Which of the following asset accounts is increased when a receivable is collected? a. Accounts Payable b. Supplies c. Cash d. Accounts Receivable

A basic premise of the National Response Framework is that response structures and resources must be able to expand rapidly to meet needs associated with a given incident. A. TRUE B. FALSE