A variable cost remains constant per unit at various levels of activity.

a. True

b. False

A firm desires to control inventory levels so as to minimize the sum of holding and order costs. It costs the firm $20 to place an order. The firm estimates its inventory carrying costs at $2/unit/year.

Alex withdrew $500,000 from an account that paid 5 percent annual interest and used the funds to purchase real estate. After one year he sold the property for $550,000. Alex's economic profit on this deal was:

Discuss important factors that affect pay levels in a business.

A company's flexible budget for 48,000 units of production showed variable overhead costs of $72,000 and fixed overhead costs of $64,000. The company incurred overhead costs of $122,800 while operating at a volume of 40,000 units.

Which one of the following terms is defined as a conflict of interest between the corporate shareholders and the corporate managers? A. articles of incorporation B. corporate breakdown C. agency problem D. bylaws E. legal liability

6 If you are a driver under 21 with a breath or blood alcohol level of. 05 or higher you will be required to:

Why do you think companies felt that unions were "conspiracies that interfere with property rights"?

When Ernesto needed to learn what his employees really think about his company's new pension plan, he approached Vonnie, a long-time secretary in the legal department with contacts throughout the organization.

2. How interest rate changes affect present and future value Suppose you deposit $300 today into a bank account with a variable interest rate and will receive a payment in one year.

The definition of manager has three components. Which one below is not one of them? a. A manager is always responsible for contribution b. Managers always get something done through other people c.