The incremental cost of building the next unit of a good is called the:

A) Law of One Price.
B) variable cost.
C) marginal cost.
D) fixed cost.


C

Business

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Brands that seek to remove or restrict material from the Internet are often sanctioned in a very public and humiliating manner. This phenomenon is linked to which public figure?

A. Bill Gates B. LeBron James C. Kim Kardashian D. Barbara Walters E. Barbra Streisand

Business

Which of the following determines the nature of procurement of raw materials, transportation of materials to and from the company, manufacture of the product or operation to provide the service,

and distribution of the product to the customer along with follow-up service? A) Competitive strategy B) Product development strategy C) Marketing and sales strategy D) Supply chain strategy

Business

A letter of credit cannot extend for a period of more than five (5 ) years

Indicate whether the statement is true or false

Business

A creditor who advances funds for a purchase of a fixture can never have priority over a previously recorded mortgage

Indicate whether the statement is true or false

Business