When the market does not result in an efficient allocation of scarce resources, economists call this:

a market dropout.

b market disincentives.

c market failure.

d market planning.

e normative economics.

Expensive, high-quality products that are purchased infrequently often reach consumers through Answers: a. intensive distribution. b. sole distribution. c. exclusive distribution. d. highly selective distribution.

Name one alternate option to establish credit if you are unable to get a credit card.

In preparing a budgeted balance sheet, the dollar amount of Accounts Receivable can be derived from: Multiple Choice The purchases budget and schedule of cash payments. The sales budget and the schedule of cash receipts.

The marginal propensity to consume is the: ratio of consumption to income. amount consumed out of an additional dollar of income. amount available for consumption after precautionary saving. ratio of consumption to wealth.

On June 1, you borrowed $195,000 to buy a house. The mortgage rate is 5.25 percent. The loan is to be repaid in equal monthly payments over 15 years. All taxes and insurance premiums are to be paid separately. The first payment is due on July 1.

The following information was available to the accountant of Scarlet Co. when preparing the monthly bank reconciliation: Cash balance per bank statement $ 1,115 Cash balance per books (prior to reconciliation) 842 Outstanding check #643 642

Your business plan is a

Coupons and sales are frequently used marketing tactics for which form of competition?

Which term best describes an opening at least 30 inches high and 18 inches wide in any wall or partition through which persons may fall? A. Floor opening B. Portable ladder C. Wall opening D. Fixed industrial stairs

What should a supervisor do when employee behavior does not automatically produce feedback? train the employee to monitor his/her own behavior and provide self feedback modify the task so that feedback is automatic provide systematic observation