If the contribution margin ratio increases, the break-even point in sales dollars will
A) increase
B) decrease
C) remain the same
D) double
B
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NBC made a $2,500 payment on account, to satisfy a previously recorded account payable. Set up the necessary T-accounts below and show how this transaction would be recorded directly in those accounts. 
What will be an ideal response?
You are deciding whether to start a 40-year retirement investing plan now, or ten years from now. You think rates of return will be about the same in the future as they are now. Discussion in the text of this decision shows
A) very little difference in the future value of an investment made now versus one made 10 years from now. B) an investment made now will accumulate about 20% more (at a 10% rate of interest, compounded annually) than the investment made later. C) the same facts as in response b, but the accumulation is only 10% greater. D) that you will accumulate more in the additional 10 years than you do for the first 30 years.
The universal element in all business activities is:
a. the manager b. the stockholder c. people d. the entrepreneur e. the government
Which of the following is a subject of state insurance regulation?
A) Equal employment practices of the insurer B) Standards of financial solvency C) Business acquisition practices D) Insurance contract provisions