Consumer's risk is the probability of

A) accepting a good lot.
B) rejecting a good lot.
C) rejecting a bad lot.
D) accepting a bad lot.
E) shipping a bad lot.

People who feel underpaid will increase their work efforts in order to increase their compensation.

A motor vehicle spare parts store is classified as:

A) a service shop.
B) a mass service.
C) a retailer.
D) a wholesaler.

Which of the following statements concerning the Fed is incorrect?

A) The Fed is the nation's central bank.
B) The Fed acts as the banker's bank.
C) Credit unions and savings banks must belong to the Fed.
D) Virtually,all large commercial banks are Fed members.

The decision of an administrative tribunal may be challenged because of an abuse of discretionary power.

Which of the following is a period cost?

A) depreciation on factory lunchroom furniture
B) salary of telephone receptionist in the sales office
C) salary of a security guard for the factory parking lot
D) computer chips used by a computer manufacturer

The fact that people prefer present consumption to future consumption results in

A) an upsloping supply of loanable funds curve.
B) a downsloping demand for loanable funds curve.
C) a downsloping supply of loanable funds curve.
D) an upsloping demand for loanable funds curve.