Which of the following is characteristic of games of chance?

A

They are based on ability.

B

Odds of house losing are high.

C

They are based on random occurrence.

D

Odds of gambler losing are high.

Cash flow is important to organizations producing products for sale because it: a. Reduces the need for working capital b. Eliminates the need for checks to pay vendors c. Provides bonus money for employees d. None of the above

Hannah is concerned about the increase in the cases of obesity in her state. She has convinced her company to create advertisements to generate awareness about obesity. Which kind of advertising will the company use to achieve this?

Product r is normally sold for $52 per unit. a special price of $42 is offered for the export market. the variable production cost is $30 per unit. an additional export tariff of 30% of revenue must be paid for all export products.

On July 23 of the current year, Dakota Mining Co. pays $6,492,240 for land estimated to contain 9,144,000 tons of recoverable ore. It installs and pays for machinery costing $1,280,160 on July 25.

A few years after graduation, oram and four of his friends from college organized an engineering consulting business called 5q.

In 150-words, explain what happens in an economy when the financial markets limit access to capital. How does this affect economic growth and employment

Environmental Designs issues 4,000 shares of its $1 par value common stock at $15 per share. (1) Record the issuance of the stock. (2) Record the issuance of the stock assuming it is no-par value stock

Betty, a cardholder, receives a call inquiring about her ssn. the caller introduces himself as an employee of the travel card vendor and tells her that he needs her ssn to verify the validity of the card. what should betty do?

What are diseconomies of scale?

Two young business school graduates, Laverne and Shirley, form a consulting firm. In deciding between the partnership and corporation form of organization, they are especially concerned about personal liability for giving bad advice to their clients;