True or False The biggest incentive to work hard under a capitalist system is to make more money.

Kleen Company acquired patent rights on January 10 of Year 1 for $2,800,000. The patent has a useful life equal to its legal life of eight years. On January 7 of Year 4, Kleen successfully defended the patent in a lawsuit at a cost of $38,000. a.

Baird Company is considering investing in two new vans that are expected to generate combined cash inflows of $32,500 per year. The vans' combined purchase price is $98,000.

The ratio of earnings to sales for a given time period is a firm's profit margin. a. True b. False

What is a conflict of interest? (Select the best answer.) A situation where an employee decides how to handle disagreements with their coworkers A situation where an employee has to decide which tasks interest them the most A situation where an

The manager of a large hotel refuses to rent a room to a blind person with a guide dog. What California Fair Housing law has the manager violated?

Continued losses in an industry will cause some firms to reduce output or eventually leave the industry. A. True B. False

Things did not go quite as planned. you invested $20,000, part of it in a fund that paid 12% annual interest. however, the rest of the money suffered a 5% loss.

On January 1, Year 2, Grande Company had a $71,800 balance in the Accounts Receivable account and a $3,100 balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $194,000 of service on account.

In competitive markets, a surplus or shortage will A. cause shifts in the demand and supply curves that tend to eliminate the surplus or shortage. B.

Jennifer has to decide which of two job offers she is going to choose. She begins her process by listing the key criteria she is looking for in a job including salary level, location, promotional opportunities, and so on.