Business Questions

In order to be more competitive globally, production techniques such as enterprise resource planning and lean manufacturing are being used by American manufacturers.
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Which of the following is NOT one of the three basic economic questions?A. what to produce B. how to produce it C. where to produce it D. who will consume what is produced
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Cartels are corporations that control almost all of the production and sale of a single product.true false
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According to the circular flow model of the economy, a person's job in a shoe factory is within the _______ market. A. product B. consumer C. resource D. service
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An example of an investment account where the interest earned is tax exempt is a(n)a. IRA account. c. savings account. b. mutual fund account. d. municipal bond.
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As the aggregate price level rises, aggregate demand ____________ resulting in a __________ to total output, or the real GDP. A. falls/increase B. rises/increase C. rises/decrease D. falls/decrease
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A(n) ______close to a cover letter leads to more interviews because you are contacting the employer.
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A customer calls to ask how often he should change the oil in a lawn mower engine. After asking the customer for the manufacturer's name and the model number of the lawn mower engine, you check the service manual for the engine. The engine manufacturer recommends that you change the oil after every 50 hours of light- or normal-duty operation, or after every 25 hours of heavy-duty operation. The customer tells you that he is the groundskeeper at a local golf resort. He uses this mower only to trim the greens on the course. He mows the greens 2 times per week; each time, it takes a total of 5 hours to complete the job. The golf course is open 30 weeks out of the year. If you consider the mowing of the golf course to be normal-duty operation, how often should you tell the customer to change the oil in the mower engine? (Hint: You'll need to calculate the total number of hours the groundskeeper uses the mower per year. Assume that it's now the beginning of the 30-week golf resort season.)a. The oil should be changed a total of 2 times during the 30-week season. b. The oil should be changed a total of 3 times during the 30-week season. c. The oil should be changed a total of 6 times during the 30-week season. d. The oil should be changed a total of 10 times during the 30-week season.
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Daryl would like to open new checking and savings accounts. One of his primary concerns is avoiding bank fees. Which type of banking institution is most suitable for Daryl?
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Who or what determines a country's GDP?
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Which of the following modes of transportation would probably be the most energy efficient for traveling from New York to Los Angeles?a. flying by commercial airline b. driving your own automobile c. taking a bus d. taking Amtrak
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You supply a good at a price of $5. You also earn a profit at this price. This means that your marginal cost could be
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The total cost of a cash advance is greater than the amount borrowed because the interest is accrued _____.from the day money is borrowed and transaction fees are triggered if the advance is not repaid before the grace period and penalty fees are triggered from the day money is borrowed and membership fees are triggered if the advance is not repaid before the grace period and transaction fees are triggered
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The money and merchandise you owe to creditors are your ________.
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Accountants need not worry about calculations based upon the concept of the time value of money. Is this true or false?
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Explain the role of an entrepreneur in the economy
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In the game of economics which player use goods and services
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Companies can encourage hard work and dedication from their employees
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