What is the purpose of insurance for business?

A: To cover expenses when things go wrong.

B: To make sure that equipment is maintained.

C: To encourage employees to work there.

D: All of the above.

Where should a company undergoing reorganization report the gains and losses resulting from the reorganization? Select one: a. on the statement of retained earnings. b. on the income statement, separate from other gains and losses. c.

Suppose that currency traders expect that the value of U. S. dollarU. S. dollar will fall in the future. How will this will affect the demand and supply of U. S. dollarU. S. dollar in the foreign exchange market?

Until recently Rosemarie worked as an accountant, earning $30,000 annually. Then she inherited a piece of commercial real estate that had been renting for $12,000 annually.

a good will have a more elastic demand, the: a. greater the availability of close substitutes. b. more broad the definition of the market. c. shorter the period of time. d. more it is regarded as a necessity. e. all of the

Joe lit a fire in his fireplace and left it unattended. He had failed to check to see if the flue was open, so the smoke entered the house and discolored the walls, ceiling, and drapes. Joe also had to hire a company to remove the smoke odor.

What is a progressive income tax? a. Tax rate remains the same regardless of income. c. the average tax rate goes up when income goes up. b. The average tax rate goes down when income goes up. d. A tax that is measured at the margin.

In the market for used cars, the demand and supply equations are given by qd = 12,000 - 0.4p and qs = 0.1p + 5,000, where p is the price per car and q measures the quantity of cars. what happens at a price floor of $20,000?

2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers is $40. Suppose that the world price of meekers is $39.

An economic system: A. requires a grouping of private markets linked to one another. B. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem. C.

Grading at a site refers to A) evaluating the existing subsurface conditions of a site. B) evaluating the groundwater conditions at a site. C) compacting the soil to required density. D) None of these.