During the first years of this century, the number of packages arriving at households has more than doubled. An increase in the price of the cardboard boxes in which these packages are shipped will have little effect on the amount of shipping done; the demand for the boxes will continue to increase. Therefore, you know the demand for the cardboard boxes is:
A. resistant
B. inelastic
C. derived
D. elastic
E. bundled
Answer: B
Business
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A company has cash, $80,000; temporary investments, $20,000; net receivables, $60,000; and inventory, $450,000 . Current liabilities are $200,000 . The quick or acid-test ratio is
a. 0.54 to 1. b. 0.80 to 1. c. 2.25 to 1. d. 3.05 to 1.
Business
On December 31, the accrued interest due on a $10,000, 6% note that is dated December 16 and due January 15 is
a. $25; b. $50; c. $100; d. $500; e. $10,000
Business
Notes and certificates of deposit are orders to pay money
a. True b. False Indicate whether the statement is true or false
Business
One type of budget used by the entrepreneur is a(n) _____ budget.
a. operating b. project c. cost d. R&D
Business