Net worth is the difference between a firm's assets and its liabilities.

a. True

b. False

The most important economic agents that affect the economy through saving and spending are A. households and corporations, via their transactions. B. foreigners, via imports and exports. C. the government, via taxation and expeditures. D.

ack, a sales manager, is confronted by Jessica, a dissatisfied customer. Jessica claims that she has received a defective piece of merchandise and wants to make a complaint.

Which of the following would NOT be considered a characteristic of a developed nation? A. high per capita GDP B. high consumer spending C. high industrialization D. high unemployment

The Stancil Corporation provided the following current information: Proceeds from long-term borrowing $ 18,500 Proceeds from the sale of common stock 5,500 Purchases of fixed assets 22,500 Purchases of inventories 3,400 Payment of dividends 16,000

When a price ceiling is imposed, the price system is prohibited from rationing the product in the market in which the ceiling was imposed. What other alternative rationing methods are available to determine who receives the scarce commodity?

Aaron has recently started working at a credit union. Which motive might have prompted Aaron to join the credit union? A. to earn profit B. to sell the organization's stocks in the financial market C.

The Ethics Review Board at XYZ College is composed of students who were elected by the student body. When a student is charged with an ethics violation, the Board meets to hear both sides of the dispute in a confidential meeting.

You buy a house for $220,000 in a neighborhood where home prices have risen 5% annually on average. You suspect that growth in home prices will slow to an average of 3.5% per year over the next five years. If your growth estimate of 3.

Sam's business will cost $49,500 to set up and run for the first year. Sam then expects an annual operational expense total of $30,500.

Hemming saw an advertisement for a Cadillac convertible once owned by the famous early rock 'n' roll singer Elvis Presley. He contracted to buy it from Whitney for $350,000 and sent Whitney $10,000 as a deposit.