what is meritocracy? a) promotion in the work place based on merit and work ethic. b) promotion in the work place based on appearance and cultural background. c) promotion in the workplace based on how well an employee interviews.

Seppo consumes brandy and saunas. Neither is an inferior good. Seppo has a total of $30 a day and 6 hours a day to spend on brandy and saunas. Each brandy costs $2 and takes half an hour to consume. Each sauna costs $1 and takes 1 hour to consume.

Sharon sells a government security worth $4,600,000 to the Federal Reserve Bank of Kansas City. She then deposits the funds in her checking account at First Commerce Bank. Her checking account had a $150,000 balance before this deposit.

If you are in a car accident cause by someone else who also has insurance, which type of insurance plan will not require you to pay out of pocket costs?

Corporations must hold meetings for stockholders and keep accurate records of business transactions. How are these regulations beneficial for the corporation's stockholders?

Which of the following entities would most likely agree with Adam Smith's statement? Consumer protection agencies who are demanding more government oversight Labor union leaders who are advocating taxes on imports Public utility company that manages

Jane contracts Tom, a home developer, to build her a new house. In the contract it states that all necessary parts of the home must be complete before the contract is to be considered finished.

How do property rights benefit entrepreneurs? by enabling them to purchase capital and use it as they see fit by allowing them to use their employees' property by facilitating the use of public property for private businesses by freeing unused

The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 7,200 direct labor-hours will be required in May. The variable overhead rate is $8.90 per direct labor-hour.

Genepa Corporation manufactures home appliances and other electronic products. Genepa is planning to introduce a new refrigerator model.

Indirect costs are traced to cost objects. Cost drivers are used to allocate indirect costs to cost objects. An allocation rate is calculated by dividing the allocation base by the total cost to be allocated.