A country's trade balance

A) must be zero.
B) must be greater than zero.
C) is greater than zero only if exports are greater than imports.
D) is greater than zero only if imports are greater than exports.

Tots N Style Pty Ltd has the following data concerning a decorator playpen it manufactures:
If the company uses cost-plus pricing based on full cost, determine the mark-up percentage used by the company to obtain a price of $105.

A) 100%
B) 75%
C) 50%
D) 25 %

In 1436, the waterways of Venice were used to fully load 10 galleons with supplies in just six hours.As each vessel was towed along the narrow waterway, people at each house transferred munitions, cardage and other supplies to the passing vessel.By the end of the street, each vessel was fully loaded and ready for sailing.This event, known as the 'Arsenal of Venice', is an early example of:

A) self-leadership.
B) gainsharing.
C) job specialization.
D) constructive thought patterns.
E) job rotation.

When a consumer expresses dissatisfaction about a product to friends, and/or boycotts the store, this is termed:

A) preference response.
B) private response.
C) second-party response.
D) third-party response.

Which of the following statements is true?

A) If ability to refinance a currently maturing obligation is present, the obligation should be classified as noncurrent debt.
B) If no reasonable estimate can be made of the minimum amount expected to be available for future refinancing, the entire outstanding short-term obligation must be disclosed as a noncurrent obligation.
C) The FASB has concluded that obligations that are due on demand should be classified as a current liability, even though liquidation of the liability is not expected within the next year or operating cycle, whichever is longer.
D) If a refinancing is soon to be accomplished by issuing common stock, a currently maturing short-term obligation should be included in stockholders' equity on the current balance sheet.

​Firms operating in a perfectly competitive market have an incentive to advertise their products since this will increase the demand for their products.