In economics, we define the "long run" as a. About ten years b. The amount of time it takes for a factory to need new paint c. The period of time where all inputs become variable d. The period of time where all inputs become fixed

Donna donates stock in Chipper Corporation to the American Red Cross on September 10, 2019. She purchased the stock for $19,775 on December 28, 2018, and it had a fair market value of $28,250 when she made the donation. a.

The fundamental economic problem faced by a society is that productive resources are so varied and versatile that it is hard to decide what to do with them.

A partial listing of costs incurred at ABC Corporation during September appears below: Direct materials $ 113,000 Utilities, factory $ 5,000 Administrative salaries $ 81,000 Factory supervisor salary $ 25,000 Selling expense $ 48,000 Depreciation of

An enterprising student has set up an internship clearinghouse for business students. Each student who uses the service fills out a form and lists up to 10 companies that he or she would like to have contacted.

Unavoidable fixed costs areA. relevant to the decision of whether to discontinue the department. B. irrelevant to the decision of whether to discontinue a product line because they will not differ between alternatives. C.

Of the following duties, it is most important to separate a. accounts payable and accounts receivable b. warehouse from inventory control c. warehouse from stores d. purchasing and accounts receivable

On march 25, 1911, a fire in the triangle shirtwaist factory in new york city claimed the lives of 146 female workers.

True or false: economizing behavior involves choosing the option that brings the greatest satisfaction at the least cost.

A person believes that real equality can only exist when political equality is coupled with economic equality. This person believes that democratic means should be used to distribute wealth evenly throughout society. This person is a socialist. T/F

Determine the cost of merchandise sold for the transaction on September 25 using the perpetual inventory system and the FIFO method.