If the price of a product goes down by 10% and the quantity demanded goes up by 20% the product is:

a. elastic

c. cheap

b. inelastic

d. is an inferior good

What was the interest rate in 2002?

Fern has preferred stock selling for 93.5 percent of par that pays an 9.5 percent annual coupon. What would be Fern's component cost of preferred stock?

Problem-solving teams are permanent teams that make recommendations for others to implement. True/False

You are asked to lead a team that needs to develop many creative solutions for the company's manufacturing problems. what type of leadership style is best for this team?

Which of the following is not a true statement? A. The all-in-rate a bank charges its customer (s) for accepting drafts includes both the discount rate and the acceptance commission. B.

The major benefit of diversification is the: a. increased expected return. b. removal of all negative risk assets from the portfolio. c. reduction in the portfolio's total risk. d. reduction in the portfolio's systematic risk.

Dougherty Corporation purchased a new delivery van for use in its dry-cleaning business. As part of the purchase of the van the following costs were incurred: Acquisition cost 30,000, Sales tax 1,800, Title transfer 250, paid to the company logo on

Horatio Alger is the product manager for Brand X, a consumer product with a retail price of $1.20. Retail margins are 35% while wholesalers take an 11.5% margin.

Explain what is meant by market research.

Jean, a restaurant critic, publishes a review in a national daily that the sandwiches served at his friend's deli are usually not fresh. Tom, the owner of the deli, notices a significant decrease in customers after the review gets published.