A resource is something that select one:

a. is used to produce goods and services

b. must be produced by a firm

c. exists in unlimited quantities

d. consumes goods and services

e. is provided by nature, not made by society

During the year, Sophie (a self-employed marketing consultant) went from Omaha to Lima (Peru) on business. She spent four days on business, two days on travel, and four days on vacation.

Which of the following is an internal event? A. An indoor company-sponsored concert that's open to the public B. A store sale C. A company picnic for employees D. A limited time coupon mailed to potential customers

Assume the indirect method is used to compute cash flows from operations. For each item listed below, indicate the effect on net income in arriving at cash flows from operations by selecting one of the following code.

Kaiser Industries has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and selling for $1,382.01. At this price, the bonds yield 7.5 percent. What is the coupon rate

Performance of Major Investment Classes 1995-2015 U. S. Equities Treasury Bills Government Bonds Corporate Bonds International Equities Compound annual return 10.21% 4.89% 7.05% 7.79% 10.35% Standard deviation 17.55% 3.52% 2.74% 2.57% 21.

What is a variable expense? A. An expense that is the same during some months, and different during other months. B. An expense that is the same from month to month. C. An expense that is different from month to month. D. None of the above.

Calculator Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $6; the unit contribution margin for Model P-4 is $14. Each model must spend time on a special machine.

If US workers can produce everything in less time than Mexican workers, it is not possible for the US to gain from trade with Mexico. True/False

A variable cost remains constant per unit at various levels of activity. a. True b. False

A positive economic profit signals that the investors of a firm should divert their funds to alternative ventures. a. True b. False