Expenses of time, energy, and money not included in the purchase price of a product are known as.

hidden costs

c. service costs

b. implied costs

d. value-added costs

Is there a savings account you can't touch

What are the ramifications for an organization if it is not compliant with legal mandates?

Assume that the real rate of interest is 5 percent and a lender charges a nominal interest rate of 15 percent. If a borrower expects that the rate of inflation next year will be 10 percent and the actual rate of inflation next year is 12 percent: a.

What does it mean to be concise in business writing? A. to use facts that readers can easily verify B. to use language that impresses readers C. to use fewer words to clearly convey ideas D. to use reliable sources to present information

Assume that households consume only hot dogs and soda; the average household consumes 12 hotdogs and 20 bottles of soda. In 1995, a hot dog was $0.90 each and soda $0.50 each. In 2003, hotdog price went up to $1.25, and soda price went up to $1.00.

The basic problem with the average-cost approach is that it: A. does not consider cost variations at different levels of output. B. does not consider historical values. C. does not add a reasonable markup to the average cost of a product. D.

The law of supply and demand asserts that

Identify which of the following statements is true. A) Tax planning is an integral part of both closed-fact situations and open-fact situations.

Jane contracts Tom, a home developer, to build her a new house. In the contract it states that all necessary parts of the home must be complete before the contract is to be considered finished.

How do property rights benefit entrepreneurs? by enabling them to purchase capital and use it as they see fit by allowing them to use their employees' property by facilitating the use of public property for private businesses by freeing unused