Which factor of production includes human-made resources used to produce a good or a service?

A.

land

B.

labor

C.

capital

D.

entrepreneurship

The law firm of Barnes & Cohen purchased a new $17,600 copier. Copying costs will be shared by the purchasing, accounting, and information technology departments since those are the only departments that will have access to the machine.

An individual has a disability income policy with a Change of Occupation clause when he changes to a new more hazardous job. He neglects to inform the insurer. What happens if one year later he files a claim when he becomes disabled?

St. Joseph's Day School is a private Catholic elementary school. It employs 43 people. Paula is a fourth grade teacher at the school. She is unmarried. When she announces to her supervisor that she is pregnant, she is fired the next day.

Sunland Company issued $580,000, 6%, 20-year bonds on January 1, 2020, at 103. Interest is payable annually on January 1. Sunland uses straight-line amortization for bond premium or discount. a.

Clean Rinse Shampoo has been the leader of hair-cleaning products for about 40 years. However, this company relied too long on its competency without refining or upgrading its product.

Blaser Corporation had $1,075,000 in invested assets, sales of $1,243,000, income from operations amounting to $216,000 and a desired minimum rate of return of 13%. The rate of return on investment for Blaser Corporation is

Which statement is TRUE? a. The concept of equilibrium requires that all individuals have an equal amount of income. b. If a market is in equilibrium, there will be no remaining opportunities for individuals to make themselves better off. c.

Bret Percy owns an art gallery and accepts paintings and sculpture on consignment. He has limited costs and is cautious about accepting artists. When he accepts one, he arranges for an opening show with an average cost of $300.

The process by which the eye changes its focus, by making the lens thicker and thinner

The main purpose of the standards of conduct is to