The price of Johnny ' s favorite burger, the Big Mac from McDonald' s goes up in price. He goes to Burger King and purchases a Whopper because it is cheaper, but still satisfies his taste and hunger. This is an example of what concept?

If a concession stand received $5,550 in gameday sales, and its profit for the event was $3,330, what were the expenses?

Kane Corp. obtained a loan for its business from a commercial bank by providing its property as collateral. Subsequently, it failed to repay the loan to the bank. What immediate action could the bank take as a way of disposal of property? 1.

Who benefits most from workplace safety regulations?

RoBags Company Ltd. manufactures bags for kids. Given the following: Cost of the goods sold is $2,900, the purchase price for leather is $1,200, and the inventory amounts to $300, calculate the days sales in inventory.

Money to pay current expenses for a municipal revenue bond would normally be placed in which of the following funds? (A) Contingency fund (B) Surplus fund (C) Maintenance fund (D) Sinking fund

Which of the following is an example of pretexting? A. A person accessing your email account without permission B. A person stealing a credit card bill from your mailbox C. A retailer scanning your credit card to steal its number D.

If the price of a product increases, then the budget line rotates and the optimal quantity demanded, which corresponds to the higher price, decreases.

Jack and Jill have a tenancy in common in an apartment building. After ten years of ownership, Jill dies unexpectedly. On Jill's death, Jill's interest in the property will: a. pass to Jack as tenant in common. b. pass to Jill's heirs. c.

If the u. s. government increases the deficit and federal debt, what happens to the value of the u. s. dollar?

Why are imports considered as a leakage factor? A. Imports do not generate domestic income. B. Domestic industry loses ground as imports increase. C. Imports are taxed heavily, which is a secondary leakage factor. D.