An example of a one-time expense for a shoe factory would be buying:
A. a sewing machine, and would be included in total cost.
B. a sewing machine, and would be excluded from total cost.
C. leather to make the shoes, and would be included in total cost.
D. leather to make the shoes, and would be excluded from total cost.
A. a sewing machine, and would be included in total cost.
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A key reason for low foreign direct investment in developing nations is:
a. the presence of tariff and non tariff barriers on imports. b. the fear of exploitation of domestic resources by foreign owners. c. the lack of government-operated enterprises. d. the high interest rate charged on loans. e. the fear of falling inflation rates.
If the equilibrium price of an hour with a tax accountant is $65 and the market price is currently $55, then there is a
A. surplus of accountants. B. shortage of accountants. C. equilibrium.
Which of the following describes a situation in which a good or service is produced at the lowest possible cost?
A) productive efficiency B) allocative efficiency C) marginal efficiency D) profit maximization
A legal organization of a firm where the business is owned by one individual who makes the business decisions, receives all the profits, and is legally responsible for the debts of the firm is a(n)
A. corporation. B. entrepreneur. C. partnership. D. proprietorship.