61) The vertical distance between the total cost curve and the total variable cost curve ________ as output increases and the vertical distance between the average total cost curve and average variable cost curve ________ as output increases. A) is constant; decreases B) decreases; is constant C) increases; decreases D) decreases; increases E) decreases; decreases   62) The marginal cost curve is U-shaped. Over […]

    21) If the opportunity cost of production for two goods is different between two countries, then  A) trade cannot benefit either country. B) only one country can be made better off by trade. C) mutually beneficial trade is possible. D) trade will only benefit both countries if one can lower its opportunity costs.   22) If Canada has a comparative advantage relative to […]

    38.The value of benefits foregone by selecting one decision alternative over another is a(n) A.unavoidable cost. B.incremental benefit. C.differential revenue. D.opportunity cost.   39.A product line should be dropped when A.it has a positive contribution margin. B.it has unavoidable fixed costs. C.there will be a positive change in income if the product line is dropped. D.All of these answer choices are correct.   […]

    11) When the real exchange rate rises A) imports measured in terms of domestic output will rise. B) imports measured in terms of domestic output will fall. C) imports measured in terms of domestic output will never be affected. D) imports measured in terms of domestic output may rise or fall. E) imports measured in terms of foreign output will rise.     […]

  31) When you call United Airlines for a reservation on a toll-free number and get a response from an operator in Mumbai, this is an example of: A) anti-globalization. B) global marketplace. C) multilingual expression. D) discrimination. E) E-ticketing. 32) In global markets, Starbucks is a good example of simultaneously executing all of the growth strategies except: A) Market penetration. B) Market development. C) […]

  2.1   Multiple Choice   1) Which statement contains an exact number? A) A gross of paper contains 144 sheets. B) One sheet of paper is 0.0042 inches thick. C) One sheet of paper measures 8.5 x 11 inches. D) A ream of medium weight paper weighs 20 pounds.   2) Which of the following is an inexact number? A) There are 12 eggs in […]

    126.Heinz Bottling Company produces various glass and plastic containers and uses a process costing system. The following information relates to production in the Formulating Department during January for the company’s 2-quart size glass jars:   ?Beginning Work in Process inventory: 4,500 units, 85% complete as to conversion costs ?Beginning Work in Process inventory—cost of direct materials, $18,000 ?Beginning Work in Process inventory—costs of […]

21) Using the data in the table above, if the price of a stapler is $8, then there is a ________ of staplers and the quantity of staplers demanded ________ the quantity of staplers supplied. A) surplus; is greater than B) surplus; is less than C) shortage; is greater than D) shortage; is less than E) neither a surplus nor a shortage; equals   22) […]

    51.How can endurance athletes best postpone fatigue during their activity? a.eat glucose periodically during the event b.avoid sports drinks during exercise c.fat load 1-3 days before the event d.restrict fat calories to less than 20 percent of the diet   52.Calculate the calories needed from fat each day for a triathlete who requires 4500 calories a day. a.550-700 b.750-875 c.900-1575 d.1580-1650   53.Protein […]

  80.Direct communication minimizes conflict by:  A.reducing task interdependence. B.reducing reliance on stereotypes about the other party. C.creating organizational buffers. D.reducing the differentiation in the work force. E.increasing the available resources. 81.Increasing inventories between sequential work units tends to reduce potential conflict by:  A.reducing resource scarcity. B.reducing differentiation. C.increasing the required level of communication between employees in sequential units. D.reducing ambiguity in resource allocation. E.reducing […]