Storage reduces time utility for buyers and sellers
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
Storage helps manufacturers manage supply and demand, or production and consumption. It provides time utility to buyers and sellers, which means that the seller stores the product until the buyer wants or needs it.
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Bonds issued in a series so that a specified amount of principal matures each year are called serial bonds
Indicate whether the statement is true or false
Do you think that leadership is more science or more art or a relatively equal combination of both? Explain your answer.
What will be an ideal response?
Which of the following is an advantage of activity–based costing systems over volume–based cost systems?
a. Activity based costing provides more accurate cost information than volume–based cost systems. b. Activity based costing is cheaper to implement than volume–based cost systems. c. Activity based costing provides allocates more than their fair share of overhead costs to low–volume products than volume–based cost systems. d. Activity based costing is easier to implement in companies that have relatively higher proportions of non–unit–level costs.
Karl Marx argued that when labourers exchanged their labour for a wage, to make a profit the capitalist must gain more from the exchange. This profit is technically referred to as _____________.
a. Exploitation b. Surplus Value c. Exchange Profit d. Robbery