The incentives built into the market economy ensure that resources are put to good use and that opportunities to make people better off are not wasted.This means that:

A) people usually are not selfish enough to exploit opportunities to make themselves better off.
B) markets move toward equilibrium.
C) resources should be used as efficiently as possible to achieve society's goals.
D) markets usually lead to efficiency.

The World Bank defines extreme poverty as

A) living on $1.90 per day or less.
B) living on less than $19 a day.
C) living without health care and safe water but with adequate food and education.
D) living on less than $0.19 per day.

Which of the following transactions would be reported within the financing activities section of the cash flow statement?

A) An issue of preferred stock in exchange for a parcel of land.
B) The accrual of a cash dividend.
C) The cash payment of interest associated with bonds payable.
D) The sale of treasury stock for cash.

According to expectancy theory,which of the following would be an example of negative instrumentality?

A) You believe that no matter how hard you work your performance will not be recognized.
B) You do not have confidence in your ability to perform the required task.
C) You do not value the reward.
D) You are not motivated to exert any effort.

When purchases are recorded at net amounts,any discounts lost as a result of late payments are reported as an expense.

All of the following can help change caution signals into acceptance signals EXCEPT:

A) being positive and enthusiastic.
B) changing the planned presentation.
C) asking open-ended questions.
D) carefully listening to the buyer's message.
E) continuing with the presentation.