A perfect market is one in which:
A) there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production.
B) one firm develops an advantage based on a factor of production that other firms cannot purchase.
C) one participant in the market has more resources than the others.
D) competition is at a minimum, as each niche market within an industry is served by the company with the greatest competitive advantage.
A
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The gross profit method of inventory valuation is NOT valid when
a. there is substantial increase in the quantity of inventory during the year. b. there is substantial increase in the cost of inventory during the year. c. the gross margin percentage changes significantly during the year. d. all ending inventory is destroyed by fire before it can be counted.
Each state has an intestacy statue that determines how the decedent's property is distributed to their heirs
Indicate whether the statement is true or false
Wayne worked in an office. He had no criminal record, had never had a complaint made against him about his work or his conduct, and had been a faithful employee for nearly 20 years. One day, Wayne followed his supervisor to his home and fatally shot him. The estate of the supervisor sued the company, claiming it should have been aware of Wayne's growing frustration with work. The company's best
defense will be that A) there was no way to foresee that the incident would happen. B) the incident occurred away from the office. C) the killing was the result of a personal conflict between Wayne and the supervisor. D) even if the company had been aware of Wayne's difficulty with his supervisor, Wayne did not have any criminal history.
Which of the following is NOT a field for a domain dictionary?
A) role B) name C) type D) description