What is it called when an economic decision is made to give up the most attractive option because of another choice?

diminishing returns

opportunity costs

limited resources

trade-offs

On January 1, Year 1, Friedman Company purchased a truck that cost $29,000. The truck had an expected useful life of 200,000 miles over 8 years and an $7,000 salvage value. During Year 2, Friedman drove the truck 37,000 miles.

If consumers buy less of a commodity when their incomes rise, this commodity is.

A likely method that managers use for classification shifting is to report certain operating expenses as: Multiple Choice revenues. 1. non operating expenses. 2. income tax expense. 3. assets.

Which description identifies the controlling function of the management process? Group of answer choices monitoring a firm's performance to ensure that it is meeting its goals scanning the business environment for threats and opportunities guiding

Using the concept of the time value of money, write an argument in favor of shopping for a good interest rate.

7. Debt Irrelevance. Digital Fruit is financed solely by common stock and has outstanding 25 million shares with a market price of $10 a share.

Which economic system has economic roles that are passed from generation to generation?

Kyle Carlson invested $10,000 in a savings account paying 12% interest compounded quarterly. Assuming that he makes no withdrawals, how much interest will he earn during the second quarter of the first year?

If a manager increases the system utilization standard (assuming no change in the customer arrival rate) what happens to the average customer time in the system? A. It increases exponentially. B. It increases proportionally. C.

Let a be the event that a student is enrolled in an accounting course, and let s be the event that a student is enrolled in a statistics course.