Vertical integration allows the firm to gain market power as the firm develops the ability to save on its operations, avoid market costs, improve product quality, and possibly protect its technology from its rivals.

A. True

B. False

Witt Oil issued 100,000 shares of cumulative, nonparticipating preferred stock with a par value of $100 and a stated dividend of 7%. The shares sold for $96 per share. The journal record for this transaction would be

Amounts that a business must pay in the future are known as: a. accounts receivable. b. accounts payable. c. capital. d. expenses.

Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning inventory 410 $2.33 Apr. 20 Purchase 380 2.74 Dunbar sold 640 units of inventory during the month.

What do economists mean when they use the term "actual demand"?

Determine the total cost for this plan given the following forecast: Month 1 2 3 4 5 6 Forecast 380 400 420 440 460 480 Use steady regular output of 400 unites per month, use overtime as needed for up to 40 unites per month, and use subcontracting

In which year were tobacco commercials banned from network television in the united states?

Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.

Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.

Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.

An Insurance company is a business in which it pays to the company if there is a loss, damage, treatments or injury for the payment of premium amount. It calculates the risks that has occurred and pays to compensate the premium amount.