Before setting your prices, it's wise to

a. research industry standards.

b. memorize the formula for cost plus.

c. ignore your competitors' prices.

d. subtract your profit margin from your costs.

Connie Shockey wants to put funds in an account that does not offer checking privileges because she has a tendency to overspend. Which of the following would fit her criteria? a. NOW accountb. A DDA with overdraft protectionc.

Vore Corp. bought equipment on January 2, 20X4 for $200,000. This equipment had an estimated useful life of five years and a salvage value of $20,000. Depreciation was computed by the 150% declining balance method.

A business takes a big risk when it is unwilling to a. increase promotion b. study the needs of its customers c. cut costs d. All of these choices are correct

Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $16,000. Budgeted cash receipts total $177,000 and budgeted cash disbursements total $176,000. The desired ending cash balance is $45,000.

A fixed cost is a cost which a. remains constant per unit with changes in the level of activity. b. varies in total with changes in the level of activity. c. remains constant in total with changes in the level of activity. d.

You have $21,600 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14.3 percent and Stock Y with an expected return of 8.1 percent. Your goal is to create a portfolio with an expected return of 12.5 percent.

As the price goes down quantity demanded goes up a. True b. False

What is an advantage of government bonds A. They have a high interest rate. B. They are difficult to find. C. They are relatively risk-free. D. All of the above

Match the vocabulary word to the correct definition. 1. human resources department 2. job description 3. ethics 4. labor relations 5. Occupational Safety & Health Administration a. a detailed list of the functions and requirements for a position b.

With increased computer technology, the ability to read and understand financial statements is no longer an important skill for managers. a. True b. False