Price elasticity of demand is a measure of price sensitivity.
Answer the following statement true (T) or false (F)
True
Price elasticity of demand is a measure of price sensitivity that gives the percentage change in quantity demanded in response to a percentage change in price (holding constant all the other determinants of demand, such as income).
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The card that signals a supplier to deliver more parts is a withdrawal Kanban
Indicate whether the statement is true or false
Norton Company reported total sales revenue of $55,000, total expenses of $45,000, and net income of $10,000 on its income statement for the year ended December 31, 2010 . During 2010, accounts receivable increased by $4,000, merchandise inventory increased by $6,000, accounts payable decreased by $2,000, and depreciation of $18,000 was recorded. Therefore, based only on this information, the net
cash flow from operating activities using the indirect method for 2010 was: a. $30,000 b. $10,000 c. $16,000 d. $19,000
Which one of the following statements about retailers and retailing activities is true?
A) Retailers create form utility. B) Most retailers are multi-million dollar operations. C) Retailers are members of channels of distribution. D) About half of all U.S. workers are employed by retailers. E) Retailers sell only to businesses.
Cash received from the sale of property is classified in which section of the statement of cash flows?
A) Operating B) Investing C) Financing D) Noncash