Mutual adjustment is an informal means by which divided labour is coordinated.

A check on which one bank is both the drawer and the drawee is called a:

A) certified check.
B) cashier's check.
C) teller's check.
D) uncertified check.

Joe was driving his automobile when Sam came from a side street and went through a stop sign without stopping, almost causing an accident. Joe swerved to avoid Sam and was successful in doing so. He wrote down Sam's licence number and sued Sam for his negligent driving. Indicate the expected result.

Cannon Company has the following information for the year ending December 31,2015:
• Long-term debt of $18,000 was issued for cash.
• Cash paid for labor during 2015 amounted to $489,500.
• During the year,Cannon experienced a pension outflow of $14,000.
• Dividends of $34,000 were received.
• Cannon's cash balance at the beginning of 2015 was $975,000;at the end of 2015 the cash balance was $839,500.
• The company made an investment of $310,000 in an affiliate company.
• A lease payment of $110,000 was made on November 1,2015.There is no asset recorded in connection with the lease.
• During the year,Cannon collected $780,000 cash from customers.
• Cash paid for income taxes amounted to $56,000 for all of 2015.
• During 2015,Cannon discontinued its consumer electronics division.The business was sold resulting in a $12,000 net cash inflow.
Required:
Prepare Cannon Company's statement of cash flows for the year ending December 31,2015.

The check-out clerks at a large grocery store are in negotiations with management. The last remaining issue to settle is the hourly wage. In their earlier meetings, the clerks' bargaining committee has decided that although they are demanding $9.50 an hour, they will settle for nothing less than $8.75. Management's bargaining committee has decided that their highest offer will be $8.50. Union's figure of $8.75 is its _____.

A) initial demand point
B) target point
C) resistance point
D) strike point
E) settlement point

The conclusion that oligopoly is inefficient relative to the competitive ideal must be qualified because:

A) industry price leaders often select a price equal to marginal cost.
B) over time oligopolistic industries may promote more rapid product development and greater improvement of production techniques than if they were purely competitive.
C) increased output due to persuasive advertising may perfectly offset the restriction of output caused by monopoly power.
D) many oligopolists sell their products in monopolistically competitive or even purely competitive industries.