Since it takes at least two parties to enter into an enforceable agreement,a contract cannot be classified as unilateral.

Provide a definition for debit card.

For a month's transactions for a typical medium-sized business, the accounts payable account is likely to have only credit entries.

Reserve requirements for checking accounts are ____ those on time deposits.

A) higher than
B) lower than
C) the same as

Gessford Corporation is conducting a time-driven activity-based costing study in its Order Fulfillment Department. The company has provided the following data to aid in that study:
Required:
Prepare a time-driven activity-based costing Customer Cost Analysis report that determines the total Order Fulfillment Department cost assigned to each customer.

Use a ________ to show frequency or distribution of parts in a whole.

A) bar chart
B) histogram
C) flowchart
D) pie chart

A monopolistically competitive firm

A) can sell an infinite amount of output at the market-determined price.
B) must lower price to sell more output.
C) must raise price to sell more output.
D) sells a fixed amount of output regardless of price.

Assume a purely competitive increasing-cost industry is in long-run equilibrium. If a decline in demand occurs, firms will

A) leave the industry, price will fall, and quantity produced will rise.
B) enter the industry and price and quantity will both rise.
C) leave the industry and price and quantity will both rise.
D) leave the industry, price will fall, and quantity produced will fall.