In the long run,a profit-maximizing monopolistically competitive firm sets it price:

A) above marginal cost.
B) below marginal cost.
C) equal to marginal revenue.
D) equal to marginal cost.

Specialization in production was the starting point for:

A) The Wealth of Nations,by Adam Smith.
B) The General Theory,by John Maynard Keynes.
C) Das Kapital,by Karl Marx.
D) Free to Choose,by Milton Friedman.

Bonita Company estimates uncollectible accounts using the allowance method at December 31.It prepared the following aging of receivables analysis.
a.Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method.
b.Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a.Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $550 credit.
c.Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a.Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $300 debit.

Which of the following is a customized,highly summarized online presentation of business information and reports?

A) An executive dashboard
B) A working outline
C) A formal work plan
D) A statement of purpose
E) An analytical report

Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders is referred to as a:

A) multinational enterprise.
B) joint venture.
C) flow of trade.
D) flow of capital.

____ proceeds from the premise that using a better,deeper diagnosis and employing facts to the extent possible enable managers and leaders to do their jobs better.

A) Tactic knowledge
B) Explicit knowledge
C) Evidence based management
D) Business imperative