Select the correct answer.

Which action is an administrative function?

A.

inspecting the cooling system on a cruise ship

B.

tending the registration area at an expo

C.

budgeting employees' salary for the next fiscal year

D.

serving guests at a restaurant

Business owners like to know how their decisions will affect their business. Before making decisions, owners may explore the benefits of hypothesis testing. By making such tests, they can have more confidence in their decisions.

Which of the following is a statement made by Theodore Levitt about the globalization of world markets? a. Global corporations consider the world to consist of distinct and unique entities. b.

Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5. The current year per-unit prices of these three goods are A = $2, B = $3, and C = $1. Nominal GDP in the current year isa. $110. b. $115. c. $45. d. $90.

Market researchers often report disposable income. This is your income after tax deductions. Your gross income is $3,000 per month. Your federal tax is 10%, state tax is 5%, city tax is 2%, and you pay 7% to social security.

The price index was 136 in one year and 142 in the next year. what was the inflation rate between the two years?

Shoshone County uses the consumption method to account for supplies. At the beginning of the year the city had no supplies on hand. During the year the city purchased $450,000 of supplies for use by activities accounted for in the general fund.

Blue Company reports the following costs and expenses in May. Factory utilities $17,000 Direct labor $72,000 Depreciation on factory equipment 13,950 Sales salaries 47,500 Depreciation on delivery trucks 4,700 Property taxes on factory building

Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compounds.

In defending the 68 cents each American taxpayer pays to support the National Endowment for the Arts (NEA), Rep.

Desi's adjusted basis of her partnership interest was $40,000 immediately before she received a distribution in full liquidation of her Makris partnership interest. (The partnership had no hot assets and also liquidated.