A business firm can sometimes predict whether a given action is legal.

a. True

b. False

When the cost minimizing combination of inputs is being used and there is no corner solution, A. the isoquant line is tangent to the isocost line. B. the marginal products of the inputs are equal to each other. C.

At the start of the year, Northern Lights has $8,000 worth of merchandise. What do we know about Northern Lights? A. the company ended with a net income last year. B. It's a retail business. C. It's a service business D.

Mary enters into an agreement to sell 3 cases of vintage wines at $1,500 per bottle to Audrey. Mark offers to pay Mary $2,500 per bottle. Mary calls Audrey to cancel the contract. If you were Audrey's attorney what would you advise her to do?

For direct price discrimination to work a. The firm need not be able to identify the members of the low-value group b. The firm be able to charge the low-value customers a lower price than the higher-value customers c.

The main difference between merchant wholesalers and other wholesalers is that they: A. are more aggressive at selling than agent wholesalers. B. offer fewer wholesaling functions. C. have the lowest operating expenses as a percent of sales. D.

Zero Corp. suffered a loss having a material effect on its financial statements as a result of a customer's bankruptcy that rendered a trade receivable uncollectible.

Upward communication among organizational members at the same level can facilitate task coordination, provide means of sharing information, provide formal channel of communication for problem solving, and facilitate mutual support for staff involved.

Last year, a women's professional organization made two small-business loans totaling $23,000 to young women beginning their own businesses. The money was lent at 9% and 11% simple interest rates.

When Crossett Corporation was organized in January 2018, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative preferred stock and 50,000 shares of $20 par common stock.

If the market is in equilibrium, then an option must sell at a price that is exactly equal to the difference between the stock's current price and the option's strike price. a. True b. False