In a perfectly competitive market, firms face no barriers to entry or exit.

a. True

b. False

You own a company that produces jewelry with attractive, popular designs but uses resources that makes the product too expensive for most potential buyers. Which of the following would you do to increase efficiency?

The beat your doctor listens to through a stethoscope is the sound of the four valves opening and closing question 1 options: a. True b. False

19. When Congress passed a law that imposed a tax designed to fund its Social Security and Medicare programs, it wanted employers and workers to share the burden of the tax equally.

Following are selected transactions for Vitalo Company. Nov. 1 Accepted a $6,000, 180-day, 8% note dated November 1 from Kelly White in granting a time extension on her past-due account receivable. Dec.

A 5.5 percent corporate coupon bond is callable in four years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond? (Assume annual interest payments.

Consider a service company that provides carpet cleaning. Classify the cost of the hourly workers who clean carpets for customers. a. Variable b. Direct

Work telephone numbers for your coworkers would most likely be found using a. directory assistance b. a company directory c. a yellow pages directory d. none of the above

During January, time tickets show that the factory labor of $7,000 was used as follows: Job 1 $2,300, Job 2 $1,780, Job 3 $1,570, and general factory use $1,350. Prepare a summary journal entry to record factory labor used.

One widespread trend under way in business today that will affect the goals of the organization you work for is: Select one: a. social intelligence b. new media adaptations c. an increased focus on ethical and socially responsible behavior d.

A high-profile consulting company chooses its new entry-level employees from a pool of recent college graduates using a five-step interview process.