The margin of safety in the Flaherty Company is $24,000. If the company's sales are $120,000 and its variable expenses are $80,000, its fixed expenses must be:

A) $16,000.
B) $8,000.
C) $32,000.
D) $24,000.

The taxation of proprietorships is about the same as that of corporations. ​

Which of the following would likely be studied by a macroeconomist rather than a microeconomist?

A) The effect of a technological advance no the natural gas industry
B) The economic impact of tornadoes on cities and towns in Oklahoma
C) How tariffs on shoes affect the shoe industry
D) The effect of changes in the money supply on the inflation rate

A gift is given to the testator's issue or descendants,with each surviving descendant dividing the share that his or her parent would have taken if the parent had survived.This is known as division ________.

A) per stirpes
B) per capita
C) inter vivos
D) causa mortis

Everyone working together, sharing values and a common goal, and knowing that what they do benefits the family define the ideal situation in a family business.

A vice president of a manufacturing company said: "We own five acres of land next to our own plant. It won't cost us a thing to use that land for our new expansion wing." That vice president does not fully understand the concept of:

A) sunk costs.
B) side-effect costs.
C) fixed costs.
D) opportunity costs.
E) depreciation.