A shortage of a natural resource can lead to which phase in the business cycle?

Risk can be defined as uncertainty concerning the actual return that an investment will generate. a. True b. False

If quantity of tea is measured on the horizontal axis and quantity of coffee is measured on the vertical axis, an increase in the price of coffee will cause the budget constraint to: A. pivot rightward (pivot out) along the horizontal axis. B.

Laser World's income statement reported total revenues, $870,000 and total expenses (including $44,000 depreciation) of $755,000.

The Variable Speed Company manufactures a line of high quality tools. The company sold 1,000,000 hammers at a price of $4 per unit last year. The company estimates that this volume represents a 20% share of the current hammers market.

What happens when you do not make a decision?

A. True b. False: before a computer can execute a program written in a high level language, such as c++, it must be translated into object code.

the market value of a property is $90,000 and is assessed at 35%. The annual taxes are $1,260. What is the tax rate?

Someone who likes building, designing, or creating things probably has a (n)

A company's board of directors votes to declare a cash dividend of $1.65 per share of common stock. The company has 33,000 shares authorized, 28,000 issued, and 27,500 shares outstanding. The total amount of the cash dividend is: Multiple Choice a.

Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $112,500 and $125,000, respectively. During the year, actual overhead was $107,400 and actual direct labor cost was $120,000.