The economic entity assumption states that the economic life of a business can be divided into artificial time periods.

A. True

B. False

Real GDP per capital is found by A. dividing population by real GDP. B. dividing real GDP by population C. Subtracting population from real GDP D. Adding real GDP and population

True or false the stockholder make up the ruling body of corporation

Which of the following is not true about process layouts when they are compared to product layouts? A. lower rates of output B. higher in-process inventories C. lower unit cost D. more involved cost accounting E. lower span of supervision

Last year, the Miller Company reported a return on assets of 15 percent and an asset turnover of 1.6. In the current year, the company reported a return on assets of 19 percent but an asset turnover of only 1.2.

How the american capitalist system imposes restraints on controlling the economy?

Why is it important to take special steps to format an electronic résumé properly? a. It demonstrates superior knowledge over other candidates b. It shows time went into applying for the position c. It ensures the document is clear and readable d.

For much of the 1990s, the U. S. economy was experiencing long-run economic growth, low unemployment, and a stable inflation rate. Which of the following would give rise to these outcomes? Choose one: A.

The Victoria Fund, a child welfare fund, received $50,000 in cash in 2018. The donor requires the gift be held in perpetuity and that the income from investing this money may be used for its program of promoting adoption of young girls.

The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below: Job Standard Hours Standard Rate Standard Cost Motor tune-up 1.50 $6.20 $9.

Haberdash inc. last year reported sales of $12 million and an inventory turnover ratio of 3. the company is now adopting a just-in-time inventory system.