Which of the following associations would most likely describe the relationship between an internal agent and an economic event?
a. 1:M
b. 1:1
c. 0:M
d. none of the above
A
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The cost of goods sold can be determined only after a physical count of inventory on hand under the
A) perpetual inventory system B) variable costing system C) moving average system D) periodic system
Riley really hates to work out. She does not have the time in her day nor the energy, even though she knows it is good for her to do so. She feels bad about not exercising so she tells herself that she does not believe the research about the benefits of working out. What is Riley doing to make herself feel better?
a. Rationalizing the inconsistency b. Changing her behavior c. Changing her belief d. Having congruous thoughts
Productivity is generally more difficult to improve in the service sector than in the manufacturing sector
Indicate whether the statement is true or false
Lindsay purchased a raffle ticket for $34. Just before the grand prize drawing two people tried to buy her ticket. The first person offered $155, and another offered $190. What is Lindsay's opportunity cost of keeping the raffle ticket?
A. $224 B. $190 C. $68 D. $189