A conglomerate merger is a merger between firms at different stages of the production process of a product, such as a merger between a flour milling company and a baking company.

a. True

b. False

Marx and Springsteen provides hair-cutting services in the local community. In February, the business cut the hair of 200 clients, earned $ 5,100 in revenues, and incurred the following operating costs: Hair saloon expense: $500 Building rent

For the year ended December 31, year 3, Colt Corp. has a loss carryforward of $180,000 available to offset future taxable income. At December 31, year 3, all available evidence concerning future profitability is positive.

At what wage level there will be no unemployment or labor shortages in the labor market? $30 $25 $20 $10 $15

Diminishing marginal returns lead to diminishing returns Question 26 options: A) only in theory. B) when marginal returns fall but remain positive. C) when labor exceeds capital. D) when marginal returns become negative.

A partnership's allocations of income and deductions to the partners are required to be proportionate to the partners' percentage ownership of partnership profits in order to meet the substantial economic effect tests. 1. True 2. False

Which of the following statements is correct? A. Control is most effective when two or three people are given responsibility for the same task. B. The person who has custody of assets should not perform the record keeping for the assets. C.

Using the 1% rule-of-thumb, a rental property that gererates $1,000 per month in gross rents could potentially be a very good deal if it were listed for a sale price of A. $150,000 B. $185,000 C. $120,000 D. $75,000

What job can you get at the age of 14?

Due to evaporation during production, Plano Plastics Company requires 2 pounds of material input for every 1 pounds of good plastic sheets manufactured. During May, the company produced 5,500 pounds of good sheets.

True or false The introduction of an electronic diagnostic system in a car repair shop will most likely cause a movement along the supply curve.