Price and total revenue are inversely related when demand is

A) price elastic.
B) price inelastic.
C) unit price elastic.
D) perfectly price inelastic.

The selling and administrative expenses in the planning budget for October would be closest to:

A) $23,330
B) $23,103
C) $23,060
D) $23,040

You just borrowed $15,000 from a finance company to start a business. If you are required to repay $16,800 interest and principal in one year, what is the nominal interest rate that the finance company is charging? If inflation is 2.5%, what is the expected real rate of interest?

Jeff believes that, as a manager, cooperation, a spirit of unity, and self-control are the keys to both productivity and a democratic way of life. This philosophy exemplifies the work of

A) Mary Parker Follett.
B) Frederick W. Taylor.
C) W. Edwards Deming.
D) Douglas McGregor.
E) Chester I. Barnard.

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