A period during which sales decrease at an increasing rate signals the beginning of the maturity stage of the product life cycle.

a. True

b. False

On a per unit basis, economic profit can be determined as the difference between:

How did railroads influence industrial development? railroads opened more markets, places to ship and sell products. railroads slowed progress due to the immense cost of building them.

A difference between people-processing services and possession-processing services is that possession-processing services: a. focus more on customers and not on their physical possessions. b. do not require customers to enter the service factory c.

The real interest rate for investments reflects not only the short-term real interest rate set by the central bank but also the financial frictions.

On January 1, 2021, Splash City issues $460,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.

Occurs when a country has a monopoly on producing a product or is able to produce it at a cost well below that of all other countries. Multiple Choice o Dumping advantage o Complete advantage o Comparative advantage o Absolute advantage

Better Publications sold annual subscriptions to their magazine for $42,000 in December, 2016. The magazine is published monthly. The new subscribers received their first magazine in January, 2017.

What is the primary thing a company risks when attempting to find a cheaper vendor? A. reliability B. quality C. delivery timeline D. consistency

Activity based costing can be used by the buyer to:a. correct the distortions built into product costing by the way that direct costs are allocated. b.

Craftmaples, a chain of handicraft stores, was established with the purpose of preserving traditional handicrafts. The company's strategic purpose is clear to all its employees, and all of them work toward achieving the same purpose.