Explain durable and nondurable goods. Give an example of each
What will be an ideal response?
Durable and nondurable goods are goods that have been classified according to how long the product lasts. Durable goods are consumer products that last many years, such as refrigerators, computers, bedroom furniture, and cars. Nondurable goods are consumer products that are consumed in the short term, such as a newspaper, soda, chewing gum, and deodorant.
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Which of the following is likely to lead to a recession according to Keynesian economists?
A. An decrease in money supply B. An increase in the price of oil C. A decrease in the rate of inflation D. A fall in spending by consumers
Which of the following is not an element of listening?
a. listen actively and avoid distractions b. listen more and speak less c. avoid quick judgements d. act quickly when you hear something that you don’t like
In general, companies that focus on a triple bottom line are most likely to place a priority on which of the following?
A) sustainability B) the production orientation C) the selling orientation D) manufacturing on demand E) instapreneurship
Mason Corporation had $650,000 in invested assets, sales of $700,000, income from operations amounting to $99,000, and a desired minimum rate of return of 15%. The investment turnover for Mason is:
A) 1.08 B) .93 C) 6.57 D) 7.07