LO 5.1Which of the following is a prime cost?

direct labor

work in process inventory

administrative labor

factory maintenance expenses

If prices rise but income stays the same, what is the effect on the quantity demanded? a. quantity demanded increases. b. fewer goods are bought. c. more goods are bought. d. demand stays the same.

The minimum amount of money a credit card holder must pay to keep his or her account in good standing is called the A. billing cycle B. finance charge c. minimum monthly payment O D. grace period

Taylor Corporation is analyzing the cost behavior of three cost items, A, B, and C, to budget for the upcoming year.

What is an example of print advertising? A. a web banner B. a radio commercial C. a t-shirt D. a poster

As a manager at carrel corp., derek spends much of his time coaching young managers and making sure that any required information reaches all the branches for them to be successful. derek would best be described as a (n) :

Which of the following is a common way to describe a product that is being offered for sale? in the market on the market on exchange in business

If a change in government regulations allows banks to start paying interest on checking accounts, this will: increase the demand for currency but decrease the demand for checking accounts. decrease the demand for money. increase the demand for money.

Which is most likely cause for rapid increase in number of interest groups in recent decades?

Telecommuting is an example of flextime. true or false?

A firm's weighted average cost of capital is a function of (1) the individual costs of capital, (2) the capital structure mix, and (3) the level of financing necessary to make the investment. True False