If a business has only one owner, it does not need an organization and management section

True

False

Read the following two descriptions. Decide who has better financial habits and attitudes. Lindsay doesn't feel that she will ever get her credit card paid off. After seeing her new bill, she tosses it aside so she doesn't have to think about it.

True or False: For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms may need to invest in additional capital in order to increase production further. True

When a firm practices perfect price discrimination, it A. charges each consumer her reservation price. B. captures all the social gain. C. takes all consumer surplus from consumers. D.

Berry, the seller, wants Paul, the broker, to change from a single agency relationship to a transaction broker. Paul agrees to do this as long as the transition disclosure is made in writing so that all parties understand what is happening.

The common stock of the P. U. T. T. Corporation has been trading in a narrow price range for the past month, and you are convinced it is going to break far out of that range in the next 3 months.

A dress was originally selling for $150. Due to changing styles the 1st markdown was 10% and the second markdown was 20%. The dress still did not sell so a final markdown of 5% was taken. The sale price is currently:

Current assets include cash and all other assets expected to become cash or be consumed: a. Within one year b. Within one operating cycle c. Within one year or one operating cycle, whichever is shorter d.

True or false: if the extra output produced from an additional unit of capital falls as the stock of capital rises, the country is possibly overinvesting in capital.

Janet has identified four features of a college to which she is planning to apply for admission. Identify the pros and cons of Janet's choice of college.

Which is riskier, but has the potential for a higher rate of return? saving or investing