Whether an oligopoly consists of 3 firms or 10 firms, the level of output likely will be the same.

The entry to replenish the petty cash fund debited Insurance Expense for postage. This would cause:

A) Petty Cash to be overstated.
B) Cash to be understated.
C) Postage Expense to be overstated.
D) Insurance Expense to be overstated.

In the context of stress resistance, the ability to transcend adversity and emerge stronger than before is known as

A) adaptive capacity.
B) axiological arrest.
C) cognitive dissonance.
D) pragmatism.

The exchange rate between the U.S.dollar and the Japanese yen change

A) every five years.
B) on a yearly basis.
C) on a monthly basis.
D) at times from one minute to the next.

Analysts must be aware that with the use of absorption costing,as inventory absorbs more fixed costs,reported income tends to decrease.

When the offeror,as the master of the offer,specifies the precise time,place,and manner in which acceptance must be communicated,it is termed as a(n) ________.

A) documentation
B) authentication
C) stipulation
D) notification