What is the primary disadvantage of a joint venture?

A) lack of local market knowledge
B) imbalanced sharing of risks
C) ineffective standards
D) differences in culture

Relaxation of credit policy results in:

A) an increase in credit sales.
B) a decrease in credit expenses.
C) a decrease in investment in receivables.
D) b and c
E) All of the above

Which theory is based on the phenomenon of social comparison which states that people will act to eliminate any perceived inequity in the rewards they receive for their work in comparison with the rewards that others receive?

A) Acquired needs
B) ERG
C) Expectancy
D) Equity
E) Reinforcement

Economies of scale are indicated by:

A) the rising segment of the average variable cost curve.
B) the declining segment of the long-run average total cost curve.
C) the difference between total revenue and total cost.
D) a rising marginal cost curve.

An avoidable cost is a sunk cost that can be eliminated (in whole or in part)as a result of choosing one alternative over another.

An account that would be increased by a debit is:

A) Cash.
B) Fees Earned.
C) Capital.
D) Accounts Payable.