A movie theater finds that when it reduces its prices, its total revenues drop significantly. Its price elasticity of demand is _____
a. unitary
b. inelastic
c. positive
d. elastic
d
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Which era brought the formation of what remains the largest public relations professional association—the Public Relations Society of America (PRSA)?
A. Seedbed Era D. Roosevelt Era B. World War I E. Postwar Era C. Booming Twenties Era
Economists declare an official recession when gross domestic product decreases for six consecutive quarters.
Answer the following statement true (T) or false (F)
Diet & Health Food stores orders 1,000 boxes of granola bars from Energy Products, Inc, but fails to specify the varieties. The granola bars are delivered in an assortment of varieties. Diet & Health may
a. accept all of the granola bars "as is" only. b. accept all of the granola bars "as is" or reject the entire shipment only. c. accept only the granola bars that it wants and reject the rest. d. reject the entire shipment only.
To be eligible for S Corporation status, a corporation must have
A. at least 75 shareholders. B. at least one corporation as a shareholder. C. no more than 100 shareholders. D. at least two classes of stock issued.