The concept of absolute comparative advantage's origins lie in:
A) Adam Smith's work of 1776
B) David Ricardo's work of 1776
C) The Wealth of Nations book, published in 1887
D) On the Principles of Political Economy and Taxation book, published in 1817
Answer: A
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A corporation reports the following year-end balance sheet data. The company's debt ratio equals: Cash$41,000? Current liabilities$76,000? Accounts receivable 56,000? Long-term liabilities 31,000? Inventory 61,000? Common stock 101,000? Equipment 146,000? Retained earnings 96,000? Total assets$304,000? Total liabilities and equity$304,000?
A. 1.28 B. 0.54 C. 0.65 D. 0.35 E. 2.08
When discussing positions held, what information should be included for each position?
A) Name of employer, dates worked and salary B) Name of employer, job title and dates worked C) Name of employer, job title and reasons for leaving D) Name of employer, reasons for leaving and salary E) Name of employer, dates worked and reasons for leaving
If a retailer makes a sale of $100 on a MasterCard, and MasterCard takes a 5 percent discount on the sale, the retailer would record Cash for $100 and Accounts Payable for $5
Indicate whether the statement is true or false
The value chain portrays a mixture of primary and support activities utilized by an organization to design, produce, market, deliver, and support its products.
Answer the following statement true (T) or false (F)