In the early 1900s, the Standard Oil Company purchased many of its competitors in order to reduce competition and increase its share of the domestic oil market. The firm's actions are consistent with a strategy of making acquisitions to ________.

A) Enhance managerial control.
B) Exploit synergies.
C) Enhance revenues.
D) Reduce taxes.
E) Reduce capital needs.

Minimum-wage legislation is less likely to have adverse effects on employment when the:

A) affected labor market is monopsonistic.
B) economy has high unemployment.
C) derived demand for labor is shifting to the left.
D) affected labor market is perfectly competitive.

George is riding his skateboard down the street while listening to music with earbuds in. George does not see Martha, a store owner, who is putting flowers out in front of her store. He looks up just in time and swerves to miss Martha but knocks her flower display down, shattering it to pieces. Is he liable?

A) No, Martha was not injured.
B) No, because property is not a compensable loss.
C) No, Martha had a duty not to be on the sidewalk.
D) Yes, Martha suffered a compensable loss.
E) Yes, because George had the intention of being on the sidewalk which is always a breach of his duty of care.

Closing entries are necessary so that retained earnings will begin each period with a zero balance.

An investment is readily marketable if it is management's intent to sell the investment.

The process of attaining coordination across differentiated departments usually goes by the name of

A) integration.
B) coordination.
C) mutual adjustment.
D) standardization.
E) facilitation.