In the context of factors of production, which of the following is anentrepreneurial "must"?
A. Abundant availability of natural resources
B. Excess and strict government regulation
C. An increase in global trading
D. Protection from corruption
Answer: D
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The work sheet is used to gather information needed to prepare adjusting entries and prepare financial statements
Indicate whether the statement is true or false
United Insurance Company specializes in term life insurance contracts. Cash collection experience shows that 30 percent of billed premiums are collected in the month before they are due, 60 percent are collected in the month they are due, and 6 percent are collected in the month following their due date. Four percent of the billed premiums are collected late (in the second month following their
due date). Total billing notices in January were $50,000; in February, $60,000; in March, $66,000; in April, $65,000; in May, $60,000; and in June, $70,000 . How much cash does the company expect to collect in May? a. $63,540 b. $66,750 c. $60,000 d. $56,000
Social dumping occurs when an exporting country
A. creates unfair competition based on lower costs because the exporting country provides little social support system to the worker. B. targets markets that consist of specific vulnerable groups in the importing country. C. exports good that are not sellable in the domestic environment due to hazards and safety issues. D. imposes an export tax on domestic businesses that export, to compensate for the opportunity cost to the domestic market.
In keeping with the notion of freedom of contract, in the contract of employment, an employee can agree to a notice period that is shorter than the minimum period prescribed by statute
Indicate whether the statement is true or false