What is the fundamental goal of a business

Analyze how taxes or emissions standards could reduce the economic inefficiency that arises in a competitive market with a negative externality.

Describe the nature of an opportunity cost

If, for a given percentage increase in price, quantity demanded falls by a proportionally smaller percentage, the demand is A. perfectly elastic. B. relatively elastic. C. unit elastic. D. relatively inelastic.

The food sanitation rules require someone at your restaurant to: Know the food sanitation rules Be available to take food orders and prepare food Know the rules and be in charge of the operation Be in charge during the hours of operation

Sunland Consulting has year-end account balances of Sales Revenue $537,400, Interest Revenue $2,800, Salary and Wages Expense $240,200, Rent Expense $135,000, Administrative Expense $69,500, Income Tax Expense $37,600, and Dividends $34,200.

Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences of the country that it supplies to.

Kane Company's employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is, an employee is entitled to the pay even if employment terminates).

Digg Co. installs a manufacturing machine in its factory at the beginning of the year at a cost of $36,000. The machine's useful life is estimated at 10 years, or 300,000 units of product, with a $6,000 salvage value.

Which of the following actions will likely cause a project to fail? A) dedicating valuable team member time to identify risk events B) spending project funding to procure needed tools and spare parts C) unclear or conflicting stakeholder

Mcgregor company allows customers to pay with credit cards. the credit card company charges mcgregor 2% of the sale. when a customer uses a credit card to pay mcgregor $300 for services provided, mcgregor would: