Both goods and services can be standardized for the mass market or customized to individual needs.

a. True

b. False

Riverbed Corporation had the following activities in 2020. 1. Sale of land $186,000 4. Purchase of equipment $428,000 2. Purchase of inventory $923,000 5. Issuance of common stock $332,000 3. Purchase of treasury stock $68,000 6.

You own a pizza restaurant in the neighborhood that has many other competing pizza restaurants. This means demand for your product is probably? A. Elastic B. Inelastic C. Time based D. Need based

Among foragers the status of women declines when they provide most of the food. men and women are equal; there is no gender inequality. warfare makes men dominant over women.

When an activity threatens to harm the environment or society, policy makers should consider implementing?

The term consideration refers to the regard that contracting parties hold for each other. True or False

When the consumer price index rises, the typical family a. has to spend more dollars to maintain the same standard of living. b. can spend fewer dollars to maintain the same standard of living. c. finds that its standard of living is not affected. d.

A magazine subscription costs $45 per year at the beginning of each year, or $115 now for a three-year subscription. If the subscriber elects to pay the $115 now, the rate of return on the investment will be nearest to:

The second step in rational decision making is to: choose the solution that maximizes value. identify the criteria that are important in making the decision. evaluate the alternatives. implement the alternative.

What impact will a spike in wages cause to the labor demand curve?

A company issued 8%, 15-year bonds with a par value of $500,000 that pay interest semiannually. The market rate on the date of issuance was 8%.