In a market system, who ultimately determines what is produced?

True or false: Having experience in a specific industry is the only characteristic people must possess to succeed professionally.

Lynwood, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver.

Without a strong and efficient marketing channel system, merchandise isn't available when customers want it. True False

Which of the following contributes to the lag in implementing fiscal policy? It takes time for Congress and the president to pass spending and tax changes. Current economic data takes time to collect and analyze.

Pink-eye and albino are two recessive traits found in the deer mouse Peromyscus maniculatus. In pink-eyed mice, the eye is devoid of color and appears pink because of the blood vessels within it.

A "property tax" could BEST be described as a: A.) state tax. B.) corporate tax. C.) regressive tax. D.) progressive tax.

Windsor Company leased equipment from Costner Company, beginning on December 31, 2019. The lease term is 4 years and requires equal rental payments of $87,122 at the beginning of each year of the lease, starting on the commencement date (December

Clemson Software is considering a new project whose data are shown below. The required equipment has a 3-year tax life, after which it will be worthless, and it will be depreciated by the straight-line method over 3 years.

True or false, commas and periods go outside closing quotation marks.

Which of the following is NOT an advantage of a free market economy? A. efficiency B. growth C. equality D. freedom