Price and total revenue move in inverse directions when demand is

A) price elastic.
B) price inelastic.
C) unit price elastic.
D) perfectly price inelastic.

________ is the cost to the customers or the fee the bank charges those customers for borrowing money.

A) Interest
B) A service charge
C) Tax
D) Tariff
E) A dividend

Simple random sampling subdivides the group under study and makes random selections within each subgroup.

Which of the following statements about systems concepts in organization is FALSE?

A) Each system is part of a larger system.
B) Hierarchical relationships are easier to see in large organizations.
C) Understanding the individual is more important than understanding the way people interact.
D) Most systems can be broken into smaller systems.

Native-born workers are more likely to be harmed by immigration if

A) they are complementary resources to immigrant workers.
B) they are substitute resources for immigrant workers.
C) demand for their labor is inelastic.
D) there is a substantial amount of backflow.

The factory superintendent's salary would be included as part of the cost of products manufactured under the absorption costing concept.