While the economies of countries like the United States are generally considered capitalist, they are not pure market economies.

True or False?

Arnold buys a backhoe from Big Dig Equipment Inc. Arnold is unaware that Credit Collection Company holds a lien against the backhoe when he buys it. If Credit Collection repossesses the backhoe, Arnold can: a.

In business, the acronym VRIO stands for Value, Rarity, Imitability, and Opportunity. a. True b. False

How is profit determined? A.) total revenue plus total cost B.) marginal revenue minus marginal cost C.) total revenue minus total cost D.) marginal revenue plus marginal cost

A change in quantity supplied: a is represented by a movement along the supply curve. b happens only when the price decreases. c happens only when the price increases. d is represented by a shift in the supply curve.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

On November 1, 2012, The Bagel Factory signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2013.

Consider the market for dog walkers that is currently in equilibrium. If the government institutes a minimum wage that is below the market wage, what will be the consequence for dog walkers? Select the correct answer below: A.

When taking notes to be used in preparing meeting minutes, why should the wording of the motions be recorded exactly, word for word, as stated?

Telecom uses activity-based costing to allocate all manufacturing conversion costs. Telecom produces cellular telephones; each phone has $40.00 of direct materials, includes 30 parts and requires 3 hours of machine time.

On October 10, Joleen Vora applied for a $50,000 life insurance policy with Magnum Life Insurance Co. She named her husband, Jay, as the beneficiary. Joleen paid the insurance company the first year's premium on making the application.