When a monopolistically competitive firm raises its price,

a. the market supply curve shifts outward.

b. quantity demanded falls to zero.

c. quantity demanded declines but not to zero.

d. quantity demanded remains constant?

What is the difference between adjusting entries and correcting entries? A. Correcting entries are a planned part of the accounting process, adjusting entries are not planned but arise when necessary to adjust errors. B.

Sales for the year for Victor Company were $1,000,000, 70 percent of which were on credit. The average gross profit on sales was 40 percent. Additional account balances were:

Financial statements in which financial data for two or more companies are combined as a single entity are called a. audited statements b. conventional statements c. consolidated statements d. constitutional statements

Before starting his landscape business, Andrew took a marketing class at the local community college. He decided that his time would be better utilized in this class because if he could learn to sell his services well, the revenues and profits would

Joe Fellows is attempting to categorize several items from his company's financial statements so he can determine his working capital.

Seed Packets, Inc., a garden seed company, requires its customers to pay by check. Taylor, a Seed Packets driver, tells customers that they can pay her with cash. When Seed Packets learns of Taylor's collections, it does not act to stop them.

A restaurateur visits two restaurants with themes similar to his and prices his menu to approximate the prices charged for similar dishes at the other restaurants. What type of menu pricing tactic is he using

Personal selling: A. Is indirect written communication between buyers and sellers. B. Is indirect spoken communication between buyers and sellers. C. Is not usually combined with other aspects of promotion in the total marketing mix. D.

Elimination x-y=-8 and 3x + 7y = - 14

Managers often base their hiring decisions on gut feelings. these feelings are typically formed within two minutes of meeting a job applicant and have little to do with the applicant's ability to do the job.