A Miami restaurant has created atmosphere through its subtle use of blue and green lighting, ceiling fans over each table, and frozen drinks. If its electrical energy supplier raises its prices, the restaurant will most likely ________
A) continue its present operation because it has an elastic demand for electricity
B) ask other Miami restaurants to create a derived demand for cheaper electricity
C) decide to find other ways to use electricity
D) continue its present operation because it has an inelastic demand for electricity
E) remove its lighting, turn off its fans, and economize on its use of electricity
D
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Another name for commodity money is
A. fiat money. B. glitter money. C. full-bodied money. D. inside money.
Modern strategic planning ________
A) exclusively consists of a company's short-term goals B) is decentralized C) does not involve cross-functional teams D) does not take the overall mission of the company into consideration E) is highly centralized
Which of the following is included in comprehensive income?
A) Owners' investments B) Purchase of capital assets C) Preferred dividends D) Deferred gains or losses from derivatives
Which of the following is a difficult and nasty issue that can ensnarl the inexperienced entrepreneur even after they have made a sale to a customer?
a. Number of competitors b. Bank financing c. Revenue recognition d. Strategic timing