In a monopolistically competitive market

A. firms earn positive economic profit in the long run.

B. products are undifferentiated.

C. firms are price setters.

D. barriers to entry are high.

Characteristics of just-in-time partnerships do NOT include: a. produce with zero defects. b. large lot sizes to save on setup costs and to gain quantity discounts. c. removal of in-transit inventory. d. long-term contracts. e.

Faye's bank charges her a $2.25 service fee every time she uses an out-of-network ATM. If Faye uses an out-of-network ATM twice a week, how much money does she pay in service fees every year? a. $240.25 b. $225.00 c. $200.75 d. $234.00

Ms. Crocker bought 1,000 shares of EMO Corporation stock for $10,000 on January 20, 2017. On December 28, 2018 she sold all 1,000 shares of her EMO stock for $9,000.

LO 4.7In a job order cost system, factory wage expense is debited to which account? raw materials inventory work in process inventory finished goods inventory cost of goods sold

The four key concepts to forming a strategic business plan are vision, mission, a0, and strategy. whats the other one

You are the CEO of a U. S. firm considering building a factory in Chile. If the dollar appreciates relative to the Chilean peso, then other things the same A. True B. False

Jimmi wants a new cellular phone that many other people also want to buy. There are not enough phones produced to fill the demand. This is known as A) rarity. B) scarcity. C) production cost. D) opportunity cost

Consider the following two separate events for a company during the year: 1. Gain on sale of investments = $10. 2. Unrealized gain on investment from increase in fair value = $20.

Allocating product cost between cost of goods sold and ending inventory Jones Co. started the year with nno inventory. During the year, it purchased two identical inventory items at different times.

Prices can achieve the rationing function when: A. price controls are in place and ration coupons are used too. B. prices are inflexible. C. they are controlled by the government. D. prices are flexible