Jimmi wants a new cellular phone that many other people also want to buy. There are not enough phones produced to fill the demand. This is known as

A) rarity.

B) scarcity.

C) production cost.

D) opportunity cost

On contracts to purchase land, crops that are growing in the field:

Multiple Choice Question 60 A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process.

Which of the following statements about price stickiness or flexibility is true? Multiple Choice Prices of many raw materials are only slightly more flexible than the prices of final goods and services.

Live trap corporation received the data below for its rodent cage production unit. Output input 50,025 cages production time 652 labor hours sales price: $3.60 per unit wages $ 7.

In case of an emergency, once you or someone already on the scene has contacted 9-1-1, the next thing to do is: A) Move them to a place where you can work on their injury B) Make sure the victim has an open, unobstructed airway C) Determine if the

Palmer corp is considering the purchase of a new piece of equipment. the cost savings from the equipment would result in an annual increase in net income after tax of "$100,000".

The Chinese concept of guanxi is an example of: a. In informal, cognitive institutions. b. a regulative, formal institution. c. a favorite cooking method of Chairman Mao. d. taken-for-granted approaches to friendship relations.

3 Select the correct answer. In an organization, several teams access a critical document that is stored on the server. How would the teams know that they are accessing the latest copy of the document on the server? A. by using a duplicate copy OB.

cNally Corporation makes a special ski. Next year, McNally expects to produce 20,000 pairs of skis. Seven pounds of fiberglass are required to make each pair of skis.

Direct materials and direct labor of a company total $7300000. If manufacturing overhead is $3650000, what is direct labor cost? a. Cannot be determined from the information provided. b. $3650000 c. $0 d. $7300000