A market niche that is too small to attract the attention of major corporations can prove to be quite profitable for a small business. true or false

True or False: When fish are caught under common property rights, the market price of fish can send misleading information to demanders and suppliers about the opportunity cost of fish consumption. TrueFalse

The flow of costs in job order costing: a. is necessary to prepare the cost of goods manufactured schedule. b. begins as soon as a sale occurs. c. begins with work in process inventory and ends with finished goods inventory. d.

Strategy-making is A. primarily the responsibility of key executives rather than a task for a company's entire management team. B.

Every tangible product is made up of what? A. Wealth B. Entrepreneurship C. Labor D. Land

Net income plus operating expenses is equal to a. sales b. gross profit c. cost of goods sold d. cost of merchandise

Most publishing jobs can be secured without a college degree. True False

We observe both the price and quantity sold of ketchup falls over time. assuming all else stayed the same, this is due to:

Employees indicate their willingness to be represented by a union by signing a/an:

Which one of the following is not an assumption for the law of one price? a. There is free competition b. There is no transportation cost c. There are no tariffs d. The skill level of workers is identical in both countries

The following information relates to the direct labor at Padmaja Manufacturing, Inc. for March: Actual Standard Labor cost per hour $18.00 $17.50 Labor hours per unit produced 1.5 1.4 During March, Padmaja produced 2,100 units.