A similarity between monopoly and monopolistic competition is that, in both market structures,

a. there are a small number of sellers.

b. sellers are price makers rather than price takers.

c. strategic interactions among sellers are important.

Is a production process that generates customized products in high volumes?

Which of the following is a tax on imported goods or products? A. Subsidy B. Quota C. Embargo D. Tariff

Speedy Co. manufactures four products. Direct materials and direct labor are available in sufficient quantities, but machine capacity is limited to 3,000 hours.

John, a mid-level manager, notices that all his subordinates are filling out their monthly reports incorrectly. He concludes that the report forms are too complicated and need to be revised.

Range the types of investments in the correct order from the least risky to the most risky investment. Tiles speculative stocks retirement plans A-rated bonds property

Which of the following is a disadvantage of the sole proprietorship form of ownership

Products that are essential for life, such as water or groceries, yield more marginal utility than rare products, such as diamonds or luxury vehicles. A. True B. False.

Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost.

Which of the following is true of internal recruiting? a. It increases recruitment time and costs. b. It targets job applicants that do not currently work for the organization. c. It improves employee commitment and morale. d.

In a perpetual average cost system: a. The average is determined by dividing the total number of units sold by the cost of units purchased during the period. b. A new weighted-average unit cost is calculated each time additional units are purchased.