A market economy cannot produce a socially desirable outcome because individuals are motivated by their own selfish interests.

a. true

b. false

Administrative and political decision-making procedures and intuition have been associated with high performance in unstable environments in which decisions must be made rapidly and under more difficult conditions.

Jethroe Co. reported a retained earnings balance of $200,000 at December 1, 2018. In June 2019, Jethroe discovered that merchandise costing $50,000 had not been included in inventory in its 2018 financial statements. Jethroe has a 35% tax rate.

Issued 150,000 shares of common stock in exchange for $750,000 cash. Purchased office equipment at a cost of $121,250. $48,500 was paid in cash and a note payable was signed for the balance owed. Purchased inventory on account at a cost of $300,000.

Moonbeam Industries must decide whether to make or buy some of its components. The costs of producing 175,000 battery packs for its product are as follows: Direct Materials $ 15,000 Direct Labor 5,000 Variable Overhead 6,000 Fixed Overhead 9,000 The

In 2011, Finland had a GDP of $195 billion and a per capita GDP of $36,000. Life expectancy was about 79 years.

Which of the following consists of wages earned from work, plus dividends and interest on investments along with rents and royalties?

According to cox and demmitt, the single largest expense for wives who return to work is:

The local government relies mostly on revenue from -Medicare taxes -property taxes -income taxes -interest from savings accounts

Richard hires Paul to paint his kitchen in two eight-hour days of work for $500. At the end of the first day, the kitchen is 85 percent complete. Richard asks Paul to stay late and finish.

A manager demonstrates when he listens carefully to his subordinates and works to build trusting relationships.