The Internet has resulted in lower search costs, increased price comparison, and lower prices to consumers for which insurance product line?
A. term life insurance
B. automobile insurance
C. health insurance
D. property and casualty insurance
Answer: A
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If the actual amount of direct materials used equals the standard amount of direct materials that should have been used, the difference between the standard cost and actual cost of direct materials is called the
a. price variance. b. rate variance. c. quantity variance. d. efficiency variance.
The 20th century political economist, Friedrich von Hayek first used the term ______……………… to refer to the kind of specialised local knowledge that an entrepreneur might use from day to day in order to secure a profit. Hayek contrasted this with the ______…………………. used in economics; an example of this would be the correlation between R&D spillovers and economic growth, which has no immediate practical implications for entrepreneurial practice.
Complete the following sentence by choosing the appropriate phrase for each gap.
The items listed below are stored in a one-dock warehouse. Which of them should be stored at the very front (closest to the dock)?
Item Trips Area Needed (Blocks) A 2000 5 B 5 1 C 200 2 D 1000 3 E 500 1 A) A B) B C) C D) D E) E
Which of the following is an advantage of using twisted pair wires for transmission?
A) Their thin, flexible shape lets them wind easily through ceilings, walls, and cubicles. B) They carry light pulses rather than electrical signals. C) They are more sturdy and durable compared to optical fiber cables. D) They offer the highest rates of data transmission.