To be successful in a small business, the new owners must: A. know someone who is already in the business. B. cope effectively with government regulations. C. have an unlimited supply of money in the bank. D. have a 401K plan for employees.

Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 4,600 Salaries expense 1,800 Accounts payable 2,600 Retained earnings 4,100 Utilities expense 1,000 Supplies 13,000 Service revenue 8,500 Common

Employees are a vital part of the success of a service based business, particularly because they are normally present and interact with the customer considerably while the service is being provided.

Which of the following is most likely to be used in determining a proper amount to be included in the allowance for doubtful accounts? A. Accounts receivable divided by Cost of goods sold. B. Aging of accounts receivable. C.

What advantage (s) can come from having a river as a natural boundary, when used in conjunction with more traditional barriers such as fencing?

What is productive efficiency? A. a situation in which resources are allocated such that goods can be produced at their lowest possible average cost B.

Meeting others through volunteer work is the most common way people expand their network.

Explain the natural and necessary shifts of resources in a market economy.

In a pure market economy, the government controls most actions. A. True False

In the 19th century, when crop failures often led to bank runs, banks would make relatively fewer loans and hold relatively more excess reserves. By itself, these actions by the banks should have a.

Jenny sells lemonade in front of her house in the summer. Several other kids in Jenny's neighborhood also run lemonade stands in the summer.