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________ is a form of accounting that recognizes expenses as they are paid and recognizes revenue as it is generated.
a. accrual based
b. cash based
c. balance sheet
d. credit based
According to the text, which of the following terms is used to discuss the acceptance by key stakeholders that your business is more than just a “startup” and will be successful?
a. efficiency
b. applicability
c. efficacy
d. legitimacy
Which legal form of business best protects an owner’s personal assets when he or she must declare business bankruptcy?
a. corporation and limited liability corp
b. partnership and limited liability partnership
c. sole proprietor
d. all of the above
An excellent source of information on rules and regulations a business must comply with can be found at ______________.
a. local information center
b. chamber of commerce
c. governmnetnt relations center
d. small business assistance center
Microeconomics is considered to be the study of scarce resources (Perloff, 2007). Here, consumers (both individuals and organizations) must make allocation decisions.
Suppose there are two types of workers, "stars" and "Everyone else" and both of them would like jobs at investment banks like SG Cowen. Productivity equals 100,000 for the stars, and 50,000 for everyone else. 80 percent of workers in the population a..
How would your productivity in completing coursework be measured? Has your productivity changed since you began college? What caused the productivity changes? How could you increase productivity further?
In the text, we considered a sequential move game in which an entrant was considering entering an industry in competition with an incumbent firm ( Figure 15- 1). Consider now that the entrant, if fought, has the possibility of withdrawing from the in..
what will be price of wheat, how much total wheat will be demanded and how many wheat farms will there be.
Two friends who are addicted to Starbuck’s iced coffee were overheard talking. John said “No matter what the price of iced coffee is or will be, I will buy 4 cups a day.” His friend, Peter said “if Starbucks raises the price of a tall iced coffee abo..
In a particular industry, labor supply is Es = 10 + w and labor demand is Ed = 40 – 4w, where E is the level of employment and w is the hourly wage. What is the equilibrium wage and the employment level if the labor market is competitive? What is the..
Alinsky, Rules for Radicals, pp. Oct. Models of Power CASE: What a Star-What a Jerk (Classpak #1). Case questions: - What, if anything, is Andys problem? - What, if anything, should Jane do about Andy?
Evalute the probability that the company A defaults during the next year assuming that the CDS is priced in a way that makes the expected profit from selling the CDS as zero, and assuming that default probabilities do not vary during the 5 years.
The multiplier effect of a change in government purchases. Suppose the government in this economy decides to decrease government purchases by $250 billion. The decrease in government purchases will lead to a decrease in income, generating an initial ..
q1. a flat tax plan allows individuals to deduct a standard allowance of 10000 from their wages. assume that the flat
Christine’s utility is determined by her wealth such that U=logW, where W is her wealth in dollars. If she has a current wealth of $1,000,000, what is the most she would willingly pay to insure against a 10% chance of losing half of her wealth?
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