In general, as the amount of labor input increases, the amount of output

A)

increases

decreases.

remains constant.

can

cannot be measured.

At December 31, 2018, you obtained the following data relating to supplies. Unadjusted balance in Supplies on December 31, 2018 $ 1,813 Unadjusted balance in Supplies Expense on December 31, 2018 7,271 Supplies on hand, counted on December 31, 2018

During the Reagan administration, the Laffer curve was used to argue that: a. lower income tax rates could increase tax revenues. b. the supply-side effects of tax cuts are relatively small. c.

Your sister Reagan has her paycheck direct deposited into her checking and savings accounts each pay period. She asks you how she should split her paycheck between the two accounts.

A work-at-home opportunity is available in which you will receive 2 percent of the sales for customers you refer to the company. The cost of your ""franchise fee"" is $710.

If the total variable cost of 9 units of output is $90 and the total variable cost of 10 units of output is $120, then:

Why is it important to know the interest rate on your credit card? a) The higher the interest rate, the more money you will be paying back b) The higher the interest rate, the less money you will be paying back c) The lower the interest rate, the

It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and only all the firms being compared have the same proportion of fixed assets to total assets. a) trueb) false

Which of the following actions differentiates an entrepreneur from other small business owners?

Mccoo Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.50 per direct labor-hour.

Which of the following is true of Finished Goods Inventory? A. Finished Goods Inventory is an account used by a manufacturer and includes completed goods that have not yet been sold. B.