You bring your lunch to your part-time job instead of spending $8 on lunch. You put the $8 in your savings account. This is an example of opportunity cost.

True.

False

A diamond dealer in beverly hills finds that when he advertises his diamonds on television he sells more diamonds although he has secretly increased the prices.

Common resources differ from public goods in that a) common resources are non-excludable while public goods are excludable to those who do not pay for the good. b) unlike public goods, common resources are rivalrous in consumption.

The basic activities that comprise marketing include the following: A. Financial ratio analysis B. Marketing research and target market analysis C. Cost/benefit analysis D. Benchmarking E. Pricing, distribution, and human resource management (HRM)

Angela has $2,000 that she wants to invest. She knows that she will not need this money for at least six months, but she might need it within the year. She is looking for an investment that is guaranteed to make her money.

When you send someone a birthday card because she or he sent you one, you are complying with the norm of:?

Motorcycle Manufacturers, Inc., projected sales of 57,400 machines for the year. The estimated January 1 inventory is 6,890 units, and the desired December 31 inventory is 7,240 units. The budgeted production for the year is?

ewok enterprises recently elected the fair value option to account for its investment in yoda inc. ewok purchased the shares for 21000 and the shares are currently trading for 190000 at year end.

The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It then bills other funds for their shares of the bills. On May 10, the General Fund pays an electric bill for $230,000.

On November 10 of the current year, Flores Mills sold carpet to a customer for $8,500 with credit terms 2/10, n/30. Flores uses the gross method of accounting for sales discounts.

The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used 40 comma 000 Actual rate per hour $ 12.00 Standard rate per hour $ 11.