In industries where there is a high degree of competition among suppliers, reverse auctions can be an efficient way to conduct and manage the price bidding that would naturally occur in that market.

a. True

b. False

Dennis has a credit score of 685. According to the following table, his credit rating is considered to be which of these? A. Excellent O B. Good O c. Fair O D. Poor

Which of the following would be a fad, as opposed to a trend?

In January, 2006, Findley Corporation purchased a patent for a new consumer product for $720,000. At the time of purchase, the patent was valid for fifteen years.

Isabel and Josh engage in a business transaction that leads to a dispute. Isabel initiates a lawsuit against Josh by filing a complaint. The sheriff serves Josh with a summons. If Josh chooses to ignore it, a. Isabel must file an amended complaint.

Lori Burroughs wants to gain some needed experience so when she becomes ready to start a career she'll have some things to offer a company. She has talked to the career placement center at her university.

Prepare an amortization schedule for a three-year loan of $84,000. The interest rate is 9 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan

Suppose that a 10 percent increase in the price of normal good Y causes a 20 percent increase in the quantity demanded of normal good X. The coefficient of cross elasticity of demand is:A. negative and therefore these goods are substitutes. B.

A library shelving system has a fi rst cost of $20,000 and a useful life of 10 years. The annual maintenance is expected to be $2,500. The annual benefi ts to the library staff are expected to be $9,000.

The employees of royal clothes achieved all of the sales goals for 2017. royal decides to reward the employees with a bonus of 15 % on annual net income, after deducting the bonus. the net income before the calculation of the bonus is $318,000.

Golden Enterprises started the year with the following: Assets $50,000 Liabilities $15,000 Common Stock $30,000 Retained Earnings $ 5,000 During the year, the company earned revenue of $2,500 all of which was received in cash, and incurred expenses