15. Which of these types of new product innovations is least common?: a. New to the world b. New product lines c. Extensions to existing product lines d. Cost reductions

If sellers expect the price of a good to rise in the future, what are they likely to do? a. put more goods on the market immediately b. store goods now to sell more in the future c. raise their prices now d. set prices according to the law of demand

How is the concept of efficiency related to the concept of scarcity

Total variable costs A. always increase with output. B. initially decrease and then increase with output. C. initially increase as output increases and then decrease. D. always decrease with output.

1. The reason why the Demand Curve slopes downward is because - A. people don't like to spend more money than they have to B. producers only make more of a good when they can make more money C.

Imagine yourself as a business owner just before an economic event such as a recession or depression. What impact would a sudden lack of income have on the price of the goods you sell?

Joe reconciles his checking account check register to the penny every month with the bank's statement.

Individuals with access authority to general ledger accounts should not prepare journal vouchers. True or False?

Dominic works as a violinist at an Italian restaurant. He makes $8.50 per hour. He was able to work 35 hours last week. How much money did he make that week?

Daw company's december 31 year-end unadjusted trial balance shows a $10,000 balance in notes receivable. this balance is from one 6% note dated december 1, with a period of 45 days. assume daw company does not prepare reversing entries.

You are the ceo of sugar land light & power. in reading the wall street journal, you notice the editors have forecasted an unstable and unpredictable environment for the utility industry for the next 10 years. you also suspect a lot of change.