When a business is considering whether to replace old equipment with newer equipment, the cost of operating the old equipment-compared to the cost of operating the new equipment-is information relevant to the business decision.

a. True.

b. False.

A purchaser paid $403.10 for a TV that cost the seller $290. If the seller's markup was 39% of the $290 cost, then what would be the percent markup based on the selling price? (Round your answer to the nearest tenth of a percent.)

Cane Company manufactures two products called Alpha and Beta that sell for $180 and $145, respectively. Each product uses only one type of raw material that costs $6 per pound.

Great Outdoors Company makes two types of camping tents. Making a standard camping tent requires 4 hours of labor while making a deluxe camping tent requires 10 hours of labor.

What was the original purpose of the English jail, as conceived by King Henry II? a. To confine offenders awaiting execution b. To house offenders awaiting transfer to prison c. To house suspects awaiting trial d.

Full-time employees earn vacation days at the rate of one day per month, or twelve days per year. Vacation time may be taken at any time, provided a vacation request has been submitted.

If the axle division is now operating at full capacity and can sell all its units to outside customers at the present selling price, what is the minimum selling price that axle should accept from the internal division

8. Oscar is looking forward to retirement and feels lucky since he will receive a percentage of his monthly income from a plan his employer has funded. From which type of retirement plan will Oscar receive money? A. 401 (k) B. Defined benefit plan c.

John and Sharon enter into an employment contract, which specifies that Sharon will be employed by John for one year at an annual salary of $45,000 plus benefits. The employment contract is an example of:

What is a commission, as it relates to the stock market? a. The act of making stock available to buy b. A request to buy a specific kind of stock c. Profit made from selling stock d. A fee paid to a broker for making a trade

Lilly would like to gather more information about investing in stock. What resources can she use to find out more information?