There is NO total revenue test for price elasticity of supply because:

A) price and quantity supplied are usually inversely related.
B) price and quantity supplied are usually positively related.
C) total revenue will not usually change in the direction of a supply price change.
D) price and quantity supplied are always negatively related.

The value of a right granted by a rights offering depends upon the number of rights required to purchase one new share.

An international agreement reached in 1994, by the world's trading nations provides for

A) an increase in export subsidies on agricultural products.
B) an increase in agricultural price supports.
C) a reduction of tariffs on agricultural products.
D) an international research organization designed to discover nonfood uses of agricultural output.

Which of the following represents an inflow of cash and therefore would be reported on the statement of cash flows?

A) retirement of bond payable
B) acquisition of treasury stock
C) declaration of stock dividends
D) issuance of long-term debt

The acquisition of land in exchange for common stock is an example of a noncash investing and financing activity.

Researchers have identified the tendency for increasing diversity among team members to create difficulties even as it offers improved potential for problem solving is known as the __________.

A) positive-negative dilemma
B) enhancement-enactment dilemma
C) upside-downside dilemma
D) good news-bad news dilemma
E) diversity-consensus dilemma