The economic policy of giving a business total control of its development is called

a. laissez-faire.

b. mercantilism.

c. socialism.

d. free trade.

Identify two potential signs of weakness in the economy of the 1920s

Quick Change and Fast Change are competing oil change businesses. Both companies have 4,700 customers. The price of an oil change at both companies is $15. Quick Change pays its employees on a salary basis, and its salary expense is $47,000.

Every year 3 Managers are promoted to Partner level. How many years on average does a Partner stay in the company (while she/he is a Partner) ?

A disadvantage of forming a partnership is that ownersa) can find it tougher to start and stop a business. b) can find it more difficult to get a bank loan. c) are only responsible for their own finances.

Grantham Manufacturing Company makes oak rocking chairs. Budgeted sales are 21,500 for July, 24,300 for August, 28,700 for September and 28,900 for October. Grantham maintains an ending inventory equal to 10% of the current month's sales.

Time is an important factor when evaluating a managed mutual fund for which of the following? a. The length of time that the present fund manager has been managing the fund. b. None of these. c. The existence of the underlying index. d.

Greg purchased stock in Bear Stearns and Co. at a price of $88 per share one year ago. The company was acquired by JP Morgan at a price of $11 per share. What is Gregʹs return on his investment? A) - 87.50% B) - 113.75% C) - 100.62% D) - 96.25%

Will and bill both enjoy sunshine, water, and surfboards. thus, the two friends decided to create a business together renting surfboards, paddle boats, and inflatable devices in california.

Jones Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 400 units in process that were 70% complete, receiving 2,500 units from the Cutting Department.

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