BUSINESS HIGH SCHOOL

1. What are the three basic categories of consumer goods? Briefly explain each and clearlydifferentiate among them

Answers

Answer 1
Answer:

There are three main types of consumer goods: durable goods, nondurable goods, and services.

Durable goods are consumer goods that have a long-life span (e.g. 3+ years) and are used over time. Examples include bicycles and refrigerators. Nondurable goods are consumed in less than three years and have short lifespans. Examples of nondurable goods include food and drinks. Services include auto repairs and haircuts.

Consumer goods are also called finals good, or end product, because they are the ultimate output of a productive process that occurs over time.

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Which describes an apartment? not attached to any other houses and intended for one household attached to other houses in a long row in a building that is owned by a landlord housing owned by shareholders

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Answer: attached to other houses in a long row in a building that is owned by a landlord housing owned by shareholders. 

An apartment is a row of houses with one common entrance and a hallway. It belongs to one building wherein the rows of apartment are attached and is managed by landlords. 
attached to other houses in a long row

College-age athletes who drop out of college to play professional sportsa. underestimate the value of a college education.
b. are well aware that their opportunity cost of attending college is very high.
c. are not rational decision makers.
d. are concerned more about present circumstances than

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well aware that their opportunity cost of attending college is very high.

The right response is b. are fully aware of the enormous opportunity cost of going to college.

The right response is b. are fully aware of the enormous opportunity cost of going to college. When college-age athletes leave school to play professionally, they frequently do so because they believe that the prospective financial and professional rewards exceed the importance of continuing their education. The term "opportunity cost" refers to the advantages and opportunities that athletes lose out on by not finishing their college degrees, such as the chance to network with professionals in their industry, gain knowledge and skills in their chosen field of study, and have a backup plan and alternative career options in case their sports career doesn't work out. It is a logical choice.

Learn more about Opportunity Cost here:

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A _________ happens when the quantity supplied is more than the quantity demanded and often leads to a drop in prices.a. surplus
b. shortage
c. price floor
d. price ceiling

Answers

I think D the price ceiling

Assume that the City of Juneau maintains its books and records to facilitate the preparation of its fund financial statements. The City pays its employees bi-weekly on Friday. The fiscal year ended on Wednesday, June 30. Employees had been paid on Friday, June 25. The employees paid from the General Fund had earned $90,000 on Monday, Tuesday, and Wednesday (June 28, 29, and 30). What entry, if any, should be made in the City’s General Fund?

Answers

Answer:

Explanation:

The journal entry is shown below:

Wages and Salaries Expenses A/c Dr                             $90,000

  To Wages and Salaries payable                  $90,000

(Being salary are paid to the employees)

In the given question, cash transaction is not involved so we credited to the wages and salaries payable and since salary is paid so it is an expense that's why we debited it.

Autoworkers agree to a cut in the nominal wage rateautoworkers agree to a cut in the nominal wage rate. this event​ ______ short-run aggregate supply and​ ______ long-run aggregate supply

Answers

Increase; does not change

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The right answer for the question that is being asked and shown above is that: " Involves the movement of huge quantities of money." The role of Financial Markets and institutions involves the movement of huge quantities of money.
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