Suppose that Bobo purchases 1 pizza per month when the price is $19 and 3 pizzas per month when the price is $15. What is the price elasticity of Bobo's demand curve?

Which of the following statements is true of control? Control through rules, procedures, and budgets is generally not very costly. Controlling through the use of rules and budgets can lead to a loss of creativity in an organization.

Megan is a probation officer who has recently been assigned a client that will need much closer monitoring than her coworker's clients.

If the value of land in an area is increasing 4 percent a year, how long will it take for property values to double? (Round your answer to 1 decimal place.)

The account number 13 tells you that the account A. is the 13th account in the ledger. B. is the first account in the third division. C. is the third account in the first division. D. was posted on the 13th day of the month.

Which of the following produces a $100 daily profit for a cell phone company earning $10 per plan contract?

In year 1, the Consumer Price Index was 120 and the average nominal income was $30,000. In year 2, the Consumer Price Index was 125 and the average nominal level of income was $32,000. What happened to real income from year 1 to year 2?

Coral Think Inc. is a new company in the publishing industry. It has raised sufficient capital from multiple sources. It is planning to use its capital to purchase certain assets.

During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000.

The partnership agreement of E Smith and N Patel state that Smith receives 30% and Patel 70% of partnership income and losses. The partnership net income is $100,000 and is allocated to the partners when the income summary account is closed.

What causes changes from one phase of the business cycle to another?