Question 1

The entrepreneur's piece of the pie is called

profits

wages

rents

capital

Managerial accounting differs from financial accounting in that managerial accounting A. is required by Generally Accepted Accounting Principles (GAAP). B. emphasizes data relevance over data objectivity. C.

Aggregate Demand is everything produced while Simple Demand is one good. Which statement reflects Aggregate Demand? A. Total output of diamonds in the world B. Use of Consumer Price Index C. Use of prevailing Market Price

You and two partners start a company. However, your partners play no role in running the company. You spend all your time managing the business.

To determine how much you would need to save each year to reach a specific goal, you would use A) Present Value of $1. B) Future Value of $1. C) Present Value of an annuity. D) Future Value of an annuity.

Three years ago you purchased a Kraft Heinz corporate bond that pays 4.498 percent annual interest. The face value of the bond is $1,000.

If the economy is in decline, and the Federal Reserve wants to encourage banks to lend to consumers, which step will the Fed likely take? a. Encourage the sale of government securities. b. Decrease the discount rate. c.

What is required for a patent? A. A trade secret. B. Not trademarked C. It should be useful, novel and not unique. D. It must be useful, novel and not obvious.

Causal forecasting methods are used when: a. historical data is available and there is a relationship between the item to be forecasted and some other factor (such as advertising expenditure or sales of another product). b.

What is the best way to finance your own business?

Blue Space Corporation launches exploratory space flights to the moon and Mars. The purpose is to discover and retrieve minerals and other resources. Under U. S. Law, Blue Space a. must share with all interested parties what it retrieves in space. b.