The income effect describes the:

a. incentive to work more when the wage rises.

b. incentive to work less when the wage rises.

c. decision whether to join the labor force.

d. decision to ask for a raise.

e. incentive to change jobs.

Which of the following statements is accurate? a. Proposals are persuasive documents used to solve problems, provide services, or sell equipment. b. Proposals are always solicited. c.

XYZ Inc. is planning on increasing its annual dividend by 10 percent a year for the next 4 years and then decreasing the growth rate to 5 percent per year. The company just paid its annual dividend in the amount of $0.20 per share.

Barrington Mills Manufactures denim cloth from two primary raw materials, cotton and dye. Work-in-process includes lapped cotton, spun yarn, and undyed cloth, while finished goods includes three grades of dyed cloth.

Kristine bought a Rocky Mountain Chocolate Factory franchise. Her franchise agreement required her to purchase a cash register that cost $3,000, with an annual maintenance fee of $773.

The opportunity cost of an additional 100 dolls is 100 fire trucks. b The opportunity cost of an additional 100 dolls is 50 fire trucks. c Toyland's production possibilities frontier is a straight, downward-sloping line.

The automobile industry in a developing country has very few sellers. If one automobile company raises the prices of its trucks by a certain amount, other automobile companies in the industry follow by raising prices by a similar amount.

Cleo writes a check for $100 drawn on debit & credit bank and presents it to elegant jewelers for payment. if the check is not backed by sufficient funds and intent to defraud can be proved, cleo may be prosecuted for

Privatization is a way to a. shrink the federal budget by selling government services or property in the private sector. b. reduce government costs by relocating government programs to private groups or corporations. c.

Gonzalez Company acquired $200,000 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $70,000 of the bonds for 97.

A debt does not have to be past due before a creditor can begin legal action against a debtor. true or false.