Opportunity cost occurs because of a producer's need to

A. limit resources.

B. protect resources.

C. allocate resources.

D. spend resources.

Workplace violence only affects the victims.

Which of the following things are taken into consideration when using the aggregate demand-aggregate supply (AD-AS) model to illustrate growth and changes in the economy? Group of answer choices a. The speed of change from expansions to recessions.

A reason to hold inventory arises when an organization anticipates that an unusual event might occur that will negatively impact its source of supply.

Why have market economies been adopted in many countries throughout the world that formerly had command economies?

When writing a letter of complaint to a business, you should include specific action you would like them to take? True or false

A consulting firm has a predetermined overhead rate of $120 per labor hour. The Smith job required 5 hours to compete. The overhead cost applied to this job is $

Loren and Kendra enter into a contract for the distribution of Loren's produce to local restaurants for which he agrees to pay Kendra. Kendra transfers her right to payment under the contract to County Bank. This transfer is a. an alienation b.

Clara, at age 47, decided to adopt a child on her own because she tired of waiting around for "mr. Right" to come along. She decided to move on with her life. Clara is an example of a (n) :

Sandusky Company borrowed $28,000 from the Lakeside Bank by issuing a 10% three-year installment note. Sandusky agreed to repay the principal and interest by making annual payments in the amount of $11,259.21.

Some discount stores put products in large bins and let consumers hunt and find bargains. The price these consumers pay includes: a. the time the product was full price and didn't sell b. the value of their time and energy c.