A unit of a business that generates revenues and incurs costs is called a:

a. Performance center.

b. Profit center.

c. Cost center.

d. Responsibility center.

e. Expense center.

Is it likely that workers under a piece-rate system will end up choosing to produce less than the minimum output required under the hourly wage system? Briefly explain.

Take a critical and analytical (objective) look at your life. Think about your wants and needs. List in two separate columns your top ten wants and your top ten needs. For each one, give a one-sentence explanation about why it is a want or a need.

What conditions must exist for separate contracts to be viable?

Why is a company's sales budget developed before the production budget? a : the company needs to find ways to sell as many units as it can maximally produce. b : the company only wants to produce as many units as it expects to sell.

How did monopolies and trusts affect industry and banking in the late 1800s?

In comparison to industry averages, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio. Which of the following would be the most reasonable inference about Okra Corp.? A. Its current liabilities are too low. B.

The individual with the highest valuation of the good will win in which of the following auctions? A. Sealed Bid Auction B. English Auction C. Dutch Auction D. All of the above.

Explain how banks can create money.

A city acquires a 10-foot strip of a property owner's land for a public walking trail. the owner's home is not affected and she is able to use the land. is the homeowner eligible for compensation?

A company uses the newsvendor model to manage its inventories and faces normally distributed demand with a coefficient of variation of 0.75. The company decides to order a quantity that exactly equals the mean of its demand forecast.