What is the incidence of a tax?

Question 43 options:

The sum of a tax and a product's price

The ratio of a tax to a product's price

The levying of a tax on consumers

The final burden of a tax

If the consumer price index was 96 in 2012, 100 in 2013, and 102 in 2014, then the base year must be

Croissant Company's standard fixed overhead cost is $6 per direct labor hour based on budgeted fixed costs of $600,000. The standard allows 1 direct labor hour per unit.

When markets and governments decide how wealth, money, and goods and services are distributed, what basic economic question are they answering?

Josiah, the new Director of HR for a growing marketing firm announces that they will implement "Integrated Talent Management" in the future. Which of the following actions should Josiah's HR staff expect in the future? a.

Where do you find lemon juice in the grocery store?

An actor is a person that plays a particular role within a business process. select one: a. false b. true

When a salesperson in the computer store asks a customer who is deliberating over a purchase, "Will that be cash or charge?" he has executed which stage of the selling process?

Given that fixed costs are constant as output increases, average fixed costs are also constant. a. True b. False

Carmen Company issued 10-year bonds on January 1. The 15% bonds have a face value of $100,000 and pay interest every January 1 and July 1. The bonds were sold for $117,205 based on the market interest rate of 12%.

In class, we considered the case of a restaurant owner who needed to have the windows cleaned. one approach discussed was for the owner to offer the window cleaner "gift certificates" to the restaurant which are equal to the amount the cleaner would