Microeconomics focuses on:
A. the employment rate in a country.
B. individual businesses.
C. the gross domestic product of a country.
D. taxation policies.
Answer: B
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Acknowledging that some consumers are intimidated by France's culinary heritage, the Ministry sponsored a promotion to demonstrate that French cuisine can be relaxed and laid back
Indicate whether the statement is true or false
The Holder in Due Course rule:
A. states that all defenses available to the purchaser against the seller are also available against the holder in due course. B. alters statutes of limitations or other state-created limitations on the consumer's enforcement of claims and defenses. C. creates a warranty claim or defense where the product is sold "as is." D. eliminates rights that the consumer may have as a matter of federal, state, or local law.
The advertising response function is a phenomenon in which increased spending for advertising and sales promotion increases sales or market share up to a certain level but then produces diminishing results.
Answer the following statement true (T) or false (F)
Dermody Snow Removal's cost formula for its vehicle operating cost is $2,850 per month plus $317 per snow-day. For the month of December, the company planned for activity of 16 snow-days, but the actual level of activity was 14 snow-days. The actual vehicle operating cost for the month was $7,640. The spending variance for vehicle operating cost in December would be closest to:
A. $282 F B. $352 U C. $282 U D. $352 F