You are considering your housing options for next semester. The cost of a dorm room and the cost of an apartment are the same. You paid a $50 non-refundable deposit to live in the dorm last year. This deposit is an example of a(n):
A) opportunity cost.
B) relevant cost.
C) sunk cost.
D) avoidable cost.
C
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A transaction in which an owner transfers his or her personal property to another to be held, stored, or delivered or for some other purpose is known as a(n) ________
A) arraignment B) easement C) bailment D) accession
The break-even quantity for a certain kitchen appliance is 6000 units. The selling price is $10 per unit, and the variable cost is $4 per unit. What must be the fixed cost to break even at 6000 units?
A) less than $35,000 B) between $35,000 and $40,000 C) between $40,001 and $45,000 D) above $45,000
To adjust debt and institute a repayment plan, Naomi, a family farmer, may file a petition in bankruptcy for relief under the Bankruptcy Code's Chapter
A. 1. B. 3. C. 5. D. 12.
Which of the following is not a security for purposes of the 1933 Act?
A) A limited partnership interest B) A promissory note due in six months C) A demand note D) All of the above are securities.