Brand X is one of many firms in a competitive industry where each firm has a constant marginal cost of 2 dollars per unit of output.If marginal cost for Brand X rises to 4 dollars per unit and marginal costs of all other firms in the industry stay constant, by how much does the price in the industry increase?

A) 2 dollars
B) 1 dollar
C) 0 dollar
D) 2/n, where n is the number of firms in the industry
E) None of the above.

Accumulated depreciation is shown on the balance sheet as a subtraction from the cost of its related asset.

Which of the following statements is not correct?

A) A reduction in money income will shift the budget line to the right.
B) A reduction in money income accompanied by an increase in product prices will necessarily shift the budget line to the left.
C) An increase in product prices will shift the budget line to the left.
D) An increase in money income will shift the budget line to the right.

Which of the following is true about cross-cultural communication?

A) Body language is the same world over and does not affect cross-cultural communication.
B) Ethnocentrism makes you a better cross-cultural communicator.
C) The use of colloquial expressions enhances the clarity of cross-cultural communications.
D) The use of open-ended questions in conversations can enhance the effectiveness of cross-cultural communication.
E) Continually checking for shared meaning can hamper the accuracy of a communication process.

Haute Dawgs Corporation allows its trademark to be used as part of a domain name for Haute Dawgs NY Inc., an unaffiliated company. Haute Dawgs NY does not obtain ownership rights in the mark. This is

A) trademark infringement.
B) fair use.
C) a license.
D) trademark dilution.

In a disparate treatment case:

A) if the plaintiff meets the burden of proving a prima facie case, the burden of proof shifts to the employer.
B) an employer will not prevail in the face of a plaintiff's prima facie case unless it can articulate legitimate, non-discriminatory reasons for its actions.
C) if a plaintiff can show that a defendant's allegedly legitimate reason for not hiring plaintiff is merely a pretext for discrimination, the plaintiff wins.
D) All of these statements are true.