When you use ABC costing and find out that a customer is not profitable, which of the following are legitimate options?
a. Stop selling to the unprofitable customer
b. Increase sales to grow the business
c. Raise prices
d. Collaborate with the customer to reduce the costs of doing business
e. All of the above
f. Only A, C, and D
f. only a, c, and d
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One reason that a poor nation remains poor over time is that even though total national real GDP grows,
a. c and e. b. c, d, and e. c. it is too small to begin with. d. the growth rate is smaller than the growth rate of industrialized nations. e. it does not grow faster than population.
If Nate takes out a $5,000 loan for one year at 10 percent annual interest, the principal is:
A. $5,000. B. $5,500. C. $500. D. $1000.
The upward-sloping portion of the short-run average total cost curve is caused by:
A. indivisible setup costs. B. diseconomies of scale. C. the presence of fixed inputs. D. the absence of fixed inputs.
If expectations are rational, inflation can be reduced without a period of high unemployment.
Answer the following statement true (T) or false (F)