The major purpose of the sarbanes-oxley act of 2002 was to place caps on the compensation that could be paid to corporate executives.

a. True

b. False

Contractors LLC agrees to build a store for Discount Retail, Inc., at a specific location. Before construction begins, the local zoning law is changed to prohibit commercial buildings at that location. In this situation Select one: a.

Ronny's Pizza House is a profit maximizing firm in a perfectly competitive local restaurant market, and their optimal output is 80 pizzas per day. The local government imposes a new tax of $250 per year on all restaurants that operate in the city.

A firm in a perfectly competitive industry in long-run equilibrium will earn normal returns and zero economic profit. True or False?

Adjusting Entries are: A. not required. B. updating entries for previously unrecorded expenses or revenues. C. will always affect cash. D. corrections of errors.

Selected recent balance sheet and income statement information for The Gap, Inc. follows: (in millions) 2014 Year-end accounts payable $ 1,242 Average accounts payable 1,193 Sales 16,148 Cost of goods sold 9,855 Accounts payable days outstanding for

Which of the following below will most efficiently provide products? A) a market economy with one producer B) a market economy with many producers C) a command economy with one producer D) a command economy with many producers

Assume a firm's resources and capabilities are costly to imitate. This is because rival companies do not clearly understand the relationship between the resources and capabilities controlled by the firm.

The store paid $2.50 for a book and sold it for $5.25. what is the profit as a percent?

Any communication or activity designed to win goodwill or prestige for a company or person is called:

The employees of a hardware store ordered lunch from a local delicatessen. The lunch consisted of 4 turkey sandwiches and 7 orders of french fries, for a total cost of $23.10.