If the bottom quintile of a population receives a smaller share of aggregate income with the loss being spread equally among the other four quintiles as a gain, the Lorenz curve becomes
a. bowed above the line of perfect equality.
b. double-bowed, rising above the line of perfect equality then dipping back
below it.
c. more bowed away from the line of perfect equality.
d. less bowed away from the line of perfect equality.
c. more bowed away from the line of perfect equality.
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Identify the strongest response to a threatened ego
a. Repression b. Disapproval c. Loss of Status d. Anger
Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2014 are as follows: January 40,000 February 50,000 March 60,000 Finished goods inventory at the end of 2013 was 10,000 units. On average, 25 percent of the futons to be sold in the next month are produced and kept as ending balance in finished goods inventory. The planned selling price is $150
per unit. How many futons are budgeted to be produced in February by Fantastic Futons? A) 37,500 B) 65,000 C) 52,500 D) 55,000
Top management can reduce slack by using a bonus system to link performance to the budget
Indicate whether the statement is true or false
Which of the following is not a basis for an unfair competition claim under Section 5 of the Fair
Trade Commission Act? A) The action is oppressive or unscrupulous B) The action violates public policy C) The action allows the party to earn excessive profits D) The action violates a provision of the Sherman Act E) The action violates the "spirit" of the antitrust laws