Sam quit his job as an accountant with We Keep Books Accurately to open his own accounting
firm. He earned $40,000 with the accounting firm We Keep Books Accurately.
During the current
year, Sam had revenues of $150,000 and total expenses of $110,000. Sam earned an
A) accounting profit of $40,000.
B) entrepreneurial profit of $40,000, but had an accounting loss.
C) accounting profit of $40,000 and an entrepreneurial profit of $40,000.
D) entrepreneurial profit of $40,000.
E) Both A and D above are correct.
A
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In an effort to facilitate exports, countries are designating certain areas as "free trade zones" (FTZ) or "special economic zones" (SEZ)
Indicate whether the statement is true or false
The ______ is a technique developed by Richard Muther, used to design new layouts or change old ones based on qualitative criteria.
A. cost optimization method B. relationship rating method C. line balancing method D. factor rating method
In the BCG Growth Share Matrix, the suggested strategy for stars is to
A. maintain position and after the market growth slows use the business to provide cash flow. B. invest large sums to gain a good market share. C. milk them to finance other businesses. D. not invest in them and to shift cash flow to other businesses.
The Department of Labor monitors consumer expenditures through its annual ________.
A. National Consumer Spending Assessment B. Consumer Price Index C. Consumer Confidence Index D. Index of Consumer Sentiment E. Consumer Expenditure Survey