According to Ricardo, a country will have a comparative advantage in the product in which its
a. labor productivity is relatively low.
b. labor productivity is relatively high.
c. labor mobility is relatively low.
d. labor mobility is relatively high.
b. labor productivity is relatively high.
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The stakeholder theory of corporate social responsibility:
a. considers the management of an organization as one of the stakeholders. b. excludes customers and government agencies among stakeholders. c. does not consider the owners of an organization as the stakeholders. d. does not consider first-line employees of an organization as stakeholders.
Which survey technique minimizes interviewer bias?
a. mail survey b. personal survey c. telephone survey d. nondisguised personal survey
Sparkling Pools received a bill for $1,200 for running newspaper ads during the last two weeks of July; the bill will be paid on August 1. Advertising Expense should be:
A. credited for $1,200 in July. B. debited for $1,200 in July. C. credited for $1,200 in August. D. debited for $1,200 in August.
A firm is considering whether to continue to buy a particular component or to make the component themselves. There is no fixed cost associated with buying the component, but each component costs $17 to purchase. If the firm makes the component, it will incur a fixed cost of $5,000, but will be able to produce each component for $10. What is the break-even quantity?
a. 500 units b. 7 units c. 714.3 units d. 294.1 units