Non-diversifiable risk is measured by standard deviation.

Corporations are not required to indicate in the name of the corporation that the business is incorporated.

Using the following operating data for Complex Corporation illustrate horizontal analysis. $\begin{array}{lrr}& 2017& 2016\\ \text{ Net sales }& \$350,000& \$300,000\\ \text{ Cost of goods sold }& 240,000& 160,000\\ \text{ Operating expenses }& 80,000& 120,000\\ \text{ Net income }& 30,000& 20,000\end{array}$

In many states, in a lemon-law dispute submitted for arbitration according to the program in a vehicle manufacturer's warranty, the decision of the arbitration panel is binding on

A) the manufacturer but not the purchaser.
B) the purchaser but not the manufacturer.
C) the manufacturer and the purchaser.
D) neither the manufacturer nor the purchaser.

A price-discriminating monopolist sells in two separate markets such that goods sold in one market are never resold in the other.It charges p₁  $5 in one market and p₂  $10 in the other market.At these prices, the price elasticity in the first market is 1.40 and the price elasticity in the second market is 0.10.Which of the following actions is sure to raise the monopolist's profits?

A) Lower p₂.
B) Raise p₂.
C) Raise p₁ and lower p₂.
D) Raise both p₁ and p₂.
E) Raise p₂ and lower p₁.

When a person makes a quick decision without taking the time to compare the opportunity cost of all possible options,he or she is using:

A) bounded rationality.
B) risk aversion.
C) loss aversion.
D) the status quo.