An income statement shows a firm's revenue, costs, and profit
A) for the firm's fiscal year.
B) since the firm has been in operation.
C) for a particular day.
D) only if the firm is earning an accounting profit.
Answer: A
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Pam did not get the job she wanted. Knowing her characteristics (listed below), which one factor most contributed to her NOT getting the job offer?
a. she put away her phone in the interview b. she looked down for most of the interview c. she greeted the receptionist when she arrived d. she wore a conservative business professional suit
When a state government chooses to build more roads, the resources used are no longer available for public education programs. This dilemma illustrates the concept of
A. unintended consequences. B. scarcity. C. production expenses. D. unemployment issues.
When an effective price ceiling is in place
A. on average the net change in consumer surplus is zero. B. some consumers are better off and others are worse off. C. every consumer is better off. D. every consumer is worse off.
A bond holder is part owner of the firm.
Answer the following statement true (T) or false (F)