Refer to Figure 8.8.2 above. Starting with the increase in demand, the cost and supply curves will shift, indicating that this is:

A) A constant-cost industry.
B) An increasing-cost industry.
C) A decreasing-cost industry.
D) A monopolistic industry.

A creditor will have to exhaust all the possible legal procedures to try to collect from the principal debtor before he can collect from a conditional guarantor of collection.

Beth is highly motivated to advance her career, but does not like uncertainty. She is also highly concerned about the approval of others. According to the VALS system, Beth would most likely be categorized as a Striver.

Given: Very probable sales: $400,000.$300,000 could be borrowed at 8 percent interest for one year to purchase inventory.Total selling costs: $17,000.This investment project

A) probably would be carried out.
B) probably would not be carried out.
C) would be carried out only if the interest rate were higher.