As per the listings of the 2015 Index of Economic Freedom by the Heritage Foundation, there is a high correlation between the degree of economic freedom and the extent to which a nation's mixed economy is market-oriented
Indicate whether the statement is true or false
TRUE
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What are the basic financing options when considering a new vehicle?
What will be an ideal response?
A cash shortage is treated as an expense.
Answer the following statement true (T) or false (F)
_____ layout is used for high volumes of demand and setup requirements
a. Product b. Process c. Cellular d. Fixed-position
Figure 11-6Suppose you are the owner of a picture frame store. Let's assume that the average price customers are willing to pay for each picture frame is $120. Also, suppose your fixed costs (FC) total $32,000 (real estate taxes, interest on a bank loan, etc.) and unit variable cost (UVC) for a picture frame is $40 (labor, glass, frame, and matting). According to Figure 11-6 above, how much profit will your picture frame store make if it sells 400 picture frames?
A. $0 B. ($32,000) C. $32,000 D. $16,000 E. $48,000