Which of the following goals would be easiest to measure?
A) Reduce debt payments
B) Save funds for an annual vacation
C) Save $100 a month to create a $4,000 emergency fund
D) Invest for a comfortable retirement
Answer: C
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A(n) ________ budget that can be adjusted over time for changing environmental conditions.
A. operating B. incremental C. zero-based D. variable or flexible E. cash
Which of the following occurs when price is inelastic?
A) Price and revenue change in the same direction. B) Revenues decrease when price increases. C) Revenue is unaffected by price changes. D) Quantity demanded increases when price increases. E) The demand curve is more horizontal.
Katrina checks her e-mail messages ____ at 8 a.m. and 4 p.m
A) everyday B) every day C) every-day
List and briefly describe the seven key characteristics that must be present for a contract to be enforceable