Flying High Manufacturing produces frisbees using a three-step process that includes molding, coloring, and finishing. Which of the following accounts is credited when material requests are filled?
A) WIP Inventory-Finishing
B) Finished Goods Inventory
C) Manufacturing Overhead
D) WIP Inventory-Coloring
Ans: A) WIP Inventory-Finishing
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When the natural unemployment rate increases,
A) both the long-run Phillips curve and the short-run Phillips curve shift leftward. B) there are no shifts of either the long-run Phillips curve or the short-run Phillips curve. C) both the long-run Phillips curve and the short-run Phillips curve shift rightward. D) the long-run Phillips curve shifts leftward, and the short-run Phillips curve shifts rightward. E) the long-run Phillips curve shifts rightward, and the short-run Phillips curve shifts leftward.
If the Fed can ________ inflation expectations, it might achieve ________ inflation without ________ the unemployment rate
A) lower; lower; lowering B) raise; lower; raising C) lower; lower; raising D) raise; higher; lowering E) lower; higher; lowering
Herb's Inc has a large share of its market and is tempted to collude with the few firms that are in its market. Herb's operates in
A) an oligopoly. B) a monopolistically competitive market. C) a monopoly market. D) a perfectly competitive market. E) a collusively protected market.
Price and output decisions are two aspects of the same choice
a. True b. False Indicate whether the statement is true or false