Customers who want to sue businesses for damaged goods or poor services often choose small claims court.

a. True

b. False

A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $21,000 of the accounts receivable balance would be uncollectible.

Contour Autos competes against the global leaders in the automobile industry by developing and selling acceptable quality vehicles at a lower price.

Which of the following statements is most likely to be true? A. Opening a new location is the best way to increase profits B. When a product is in high demand, a company can charge more for it. C.

If you were to group the items into categories, such as food, car, and entertainment, in which category did you spend the most money?

When planning a budget the biggest consideration should be the?

Over the past 40 years, technological advances have reduced the cost of computer chips. how do you think this has affected the market for computers? for computer software? for typewriters?

Which education savings plan can be used for the K through 12 expenses as well as post secondary expanses

What is a progressive income tax? a. Tax rate remains the same regardless of income. c. the average tax rate goes up when income goes up. b. The average tax rate goes down when income goes up. d. A tax that is measured at the margin.

In the market for used cars, the demand and supply equations are given by qd = 12,000 - 0.4p and qs = 0.1p + 5,000, where p is the price per car and q measures the quantity of cars. what happens at a price floor of $20,000?

2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers is $40. Suppose that the world price of meekers is $39.