When a person makes a choice that is close to but not exactly the one that leads to the best possible economic outcome, he or she is:

a. usually ignoring opportunity costs.

b. making an irrational decision.

c. operating with bounded rationality.

Kingbird Corporation is authorized to issue 47,000 shares of $5 par value common stock. During 2020, Kingbird took part in the following selected transactions. 1.

Is trump a billionaire

If you were told your score was in the first percentile and the median score for the test was 85%, which of the following assumptions could you make about your score? a. Your score was 85%. b. Your score was 75%. c. Your score was less than 85%. d.

Which of the following statements regarding individual product decisions is correct? A. Consumers see branding as separate from the product. B. Product design and product style mean the same thing. C.

You want to purchase a new vehicle and you have your heart set on a brand new SUV. You take out a loan to pay for the car, but after six months you begin to fall behind on payments and incur late fees.

In a certain economy in 2005, households spent $1,000 on goods and services; purchases of capital equipment, inventories, and structures amounted to $350; government spent $450 on goods and services;

Mutual interdependence means that each oligopolistic firm: a. faces a perfectly elastic demand for its product. b. must consider the reactions of its rivals when it determines its price policy. c. produces a product identical to those of its rivals.

Green Valley Mills produces carpet at plants in St. Louis and Richmond. The carpet is then shipped to two outlets, located in Chicago and Atlanta.

Which of the following is an appropriate base to distribute the cost of building depreciation to responsibility centers? Total budgeted direct operating costs of the responsibility centers. Square feet occupied by the responsibility centers.

Which of the following is a manufacturing cost? A. Indirect materials B. Advertising expense C. Depreciation of the office equipment used by the sales staff D. Salary of clerical workers