Period costs are a. classified as direct labor, direct material, or factory overhead b. not involved in the production process c. found on the job order cost sheets d. found on the balance sheet

A responsibility center in which a manager is responsible only for sales is a (n) :

g The Council of Economic Advisors to the President of a country reported gross investment expenditure at $400,000 during a particular year.

In a market economy, Select one: a. supply determines demand and demand, in turn, determines prices. b. demand determines supply and supply, in turn, determines prices. c.

How are present values affected by changes in interest rates? A. The lower the interest rate, the larger the present value will be. B. The higher the interest rate, the larger the present value will be. C.

Implementation of the marketing concept requires a firm to obtain information on what customers needs are and how those needs are being met by products currently on the market. A) True B) False

18. What was a major factor in the failure of (mostly) command economies? A. Lack of voting rights B. Lack of the profit motive C. Not enough military spending D. Abundant basic goods

You are saving to buy a $188,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 7.3 percent.

Has the company you're auditing recently increased or decreased their operations due to mergers or sales of parts of the business?

Tom lives in an apartment where he pays $8,000 a year in rent. Sarah lives in a house that could be rented for $10,000 a year. How much do these housing services contribute to GDP?

What happens to the percentage of tax as the income that is taxed?