The Service Corps of Retired Executives is sponsored by the Minority Business Development Agency.
Answer the following statement true (T) or false (F)
False
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The equilibrium prices and quantities established after trade are fully determinate if we know
a. the location of all countries' indifference curves. b. the shape of each country's production possibilities frontier. c. the comparative costs of each trading partner. d. the strength of world supply and demand for each good.
Goods held on consignment are
a. kept for sale on the premises of the consignor. b. included as part of no one's ending inventory. c. never owned by the consignee. d. included in the consignee's ending inventory.
Which of the following is not true with regard to opportunity costs?
A) They are the benefits forgone by selecting one alternative over another. B) They are relevant. C) They are sometimes difficult to quantify. D) They have already occurred in the past.
Small retailers would generally find that it is less costly to use _____ in conducting retail audits than _____
a. company audit specialists; outside auditors b. company audit specialists; company department managers c. company audit specialists; independent consultants d. outside auditors; company audit specialists