In the aggregate demand-aggregate supply model, everything else remaining unchanged, an increase in taxes causes the ____ curve to shift ____.
A. short-run aggregate-supply; right
B. short-run aggregate-supply; left
C. aggregate-demand; left
D. aggregate-demand; right
Answer: C
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A purpose of standard costing is to
A) control costs. B) allocate costs more accurately. C) replace subjective decision making. D) compute the breakeven point.
Which of the following profitability ratios would be determined through a common-size vertical analysis of the income statement?
A) Gross profit percentage B) Return on assets C) Return on equity D) Earnings per share
Considerable conflict between job and family roles reflects a high level of the societal value of ________.
A. masculinity B. uncertainty avoidance C. power distance D. individualism
A seniority system is unlawful if: A) workers with longer years of service are laid off last
B) a union did not agree to the policy. C) it results from an intention to discriminate. D) workers with longer years of service are predominantly from one race.