According to economists, natural resources, labor, capital, and entrepreneurship are called
A. free resources.
B. competitive resources.
C. factory resources.
D. factors of manufacturing.
E. factors of production.
Answer: E
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Fashion Barn Company, a retailer, accepts payment through credit cards. During August, credit card sales amounted to $12,000. The processor charges a 3% fee. Assume that the processor deposits the net amount. Prepare the journal entry for credit card sales. (Ignore cost of goods sold.) Omit explanation.
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. An example of external failure costs is the cost of handling product warranties. 2. Activities to fix price are included in calculating the cost of quality. 3. Edwards Deming taught statistical quality control methods to the Japanese after World War II. 4. The Union of Japanese Scientists and Engineers instituted the Deming Prize. 5. Quality inspectors work for free is true regarding the phrase quality is free.
Which of the following interests in real property transfers to another person after the present holder's death?
A) easement B) mortgage C) installment D) life estate
Employers can reimburse employees for up to ________ per year of educational assistance, whether or not job-related.
A. $5,000 B. $5,250 C. $5,520 D. $5,150