What is one effect of the profit motive

1. What affect does a rise in the cost of raw materials have on the cost of a good? (a) A rise in the cost of raw materials lowers the overall cost of production. (b) The good becomes cheaper to produce.

You expect to receive $37,000 at graduation in two years. You plan on investing it at 9.5 percent until you have $172,000. How long will you wait from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.

What account is credited when overhead cost is applied to Work in Process? Would you expect the amount of overhead applied for a period to equal the actual overhead costs of the period? Why or why not?

An blank is a model to test quality and costs before full-scale production

Johnson, Inc. a builder enters into an agreement to construct a commercial building in a residential area in violation of zoning laws. Johnson hires a crew of construction workers to build the building.

Earned value is: a. A cost estimate of the budgeted resources across the project's life cycle. b. The cumulative total costs incurred in accomplishing the various project work packages. c.

13. Which of the following is an example of secondary research? A. Gathering statistics online B. Conducting trial-and-error testing C. Observing reactions to free samples D. Hiring a marketing firm

Arrow Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Arrow's sales are for credit (no cash is collected at the time of sale).

Assume a team is comprised of a marketing professional, a materials specialist, a manufacturing floor manager, a product safety advisor, an advertising department head, and a legal expert. What type of diversity is represented by this group? a.

Market economies are characterized by each of the following except: a. individuals have the right to own private property. b. businesses are run to earn a profit for their owners. c. governments strictly regulate how businesses may operate. d.