Your company buys a car, and its value goes down over time. What is that process called?A.LeasingB.DepreciationC.A unit of saleD.Interest
A company's ________ tells you how much money the company has left over after subtracting all expenses.A.Net profitB.Gross profitC.RevenueD.Cost of goods sold
If productivity increases significantly and demand is not very elastic, what is likely to happen?A.The number of consumers will increase.B.Fewer workers will be needed.C.Division of labor will decrease.D.Demand will increase.
Hours of labor or number of workers are common ways of measuring a company's _________?A.Division of laborB.ProductivityC.Use of technologyD.Diminishing returns
Which of the following is a variable cost for a company that makes bread?A.The rent for a warehouseB.Bread ingredientsC.An ovenD.A salaried worker
Which of the following is a fixed cost for a company that sells greeting cards online and mails the printed cards to customers? A. The paper and glue to make the cards B. Hourly workers who assemble and ship the cards C. Packaging and shipping costs D. A paper cutting machine Please select the best answer from the choices provided
How is the value of a product determined?A.By the amount a consumer is willing to pay for itB.By how much it cost the producer to makeC.By its variable costsD.By the number of workers who were involved in making it
Economies of scale give an advantage to what type of company?A.A company with a small number of employeesB.A company that makes many salesC.A company with many variable costsD.A service-based company
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