Scarcity means that there is less of a good or resource available than people wish to have

a. True

b. False

A company makes a single product that it sells for $16 per unit. Fixed costs are $76,800 10) per month and the product has a contribution margin ratio of 40%.

Which analogy best represents the relationship between jobs and careers? A career is like "a muffin or a cookie," and a job is like "baked goods." A career is like "tools," and a job is like "a hammer or a screwdriver.

You have just made your first $5,000 contribution to your individual retirement account. Assume you earn an annual return 11.1 percent and make no additional contributions.

A service auditor's report on a service center should include a (n) : A. Detailed description of the service center's internal control. B. Statement that the user of the report may assess control risk at the minimum level. C.

Last year Acme paid Ralph $15,000 to install a new air-conditioning unit at its headquarters building. The air conditioner did not function properly, and this year Acme requested that Ralph return the payment.

Differentiate between needs and wants?

On January 1, 2021, a company issues $800,000 of 8% bonds, due in ten years, with interest payable semi annually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $856,850.

Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each racket was sold at a price of $90.

In the resource-based model of above-average returns, a capability is: a. an input into a firm's production process. b. the foundation for a firm's mission. c.

Choose the correct statementA. Total revenue from the sale of a good equals the price of the good multiplied by the quantity sold. B. A rise in price increases total revenue. C. A rise in the price decreases total revenue. D.