​If a firm produces 8 units of output with average fixed cost=$40 and average variable cost=$25,what is its total variable cost?

A) ​$320
B) $200
C) $650
D) ​$1,000

A responsibility center in which the authority over and responsibility for costs and revenues is vested in the department manager is termed a profit center.

Path-goal theory is similar to the situational approach in that ______.

A) path-goal does not suggest leaders should be flexible
B) path-goal does not take followers into consideration
C) path-goal requires leaders to adapt to followers' needs
D) path-goal and situational both take the work setting into account

If there is a surplus of loanable funds, the quantity demanded is

A) greater than the quantity supplied and the interest rate will rise.
B) greater than the quantity supplied and the interest rate will fall.
C) less than the quantity supplied and the interest rate will rise.
D) less than the quantity supplied and the interest rate will fall.

Which condition tends to explain why jobs in the higher hierarchy positions of the public sector tend to be paid less than similar positions in the private sector?

A) a strong union
B) publicly visible salaries
C) the levels of indirect pay provided to senior public sector positions
D) a poor industry reputation

Shark Tank Corp has an expected ROE of 26%. The dividend growth rate will be _______ if the firm follows a policy of plowing back 90% of earnings.

A) 2.6%
B) 10%
C) 23.4%
D) 90%