Roberts Enterprises has budgeted sales in units for the next five months as follows: Past experience has shown that the ending inventory for each month must be equal to 10% of the next month's sales in units. The inventory on May 31 contained 450 units. The company needs to prepare a production budget for the second quarter of the year.The total number of units to be produced in July is:

A) 7,630 units
B) 7,100 units
C) 6,920 units
D) 7,280 units

Which of the following statements is correct?

A) There is clear evidence that unions have increased the average level of real wage rates for all workers.
B) When fringe benefits are taken into account,the overall compensation of union and nonunion workers is equal.
C) Approximately 10 percent of all work time is lost annually because of strikes.
D) There were 19 major work stoppages in the United States in 2011.

Economists generally believe that:

A) buyers and sellers have all the information they can use.
B) additional information is costly to acquire.
C) decision makers have complete knowledge of all the alternatives available.
D) economic decisions result from random behavior.
E) decision makers never make mistakes.

________ means the message has a tendency to mislead, confuse, or deceive the public.

A) Implied falsity
B) Marketing fraud
C) Literally false
D) Puffery
E) Collusion

Kate is a partner of a limited liability partnership (LLP) that provides accounting services.Acting within her authority,Allie,who is one of Kate's subordinates,negligently provides accounting services to a client.The client sues the LLP and its partners.Which of the following is incorrect?

A) The LLP is liable to the client.
B) Allie is liable to the client,and the judgment may be satisfied out of her personal assets.
C) Kate is not personally liable for Allie's negligence.
D) Kate is personally liable to the client,and the judgment may be satisfied out of her partner's personal assets.

Which of the following activity bases would be the most appropriate for food costs of a hospital?

A) number of nurses scheduled to work
B) number of MRIs taken
C) number of patients who stay in the hospital
D) quantity of prescriptions filled

If the instructor says something that you don't understand, which is the BEST action to take to gain clarification?

A) use your phone to search the Internet during class
B) ask another student after class
C) look it up in your textbook
D) raise your hand and ask for clarification

(Table: Demand Schedule of Gadgets) Use Table: Demand Schedule of Gadgets.The market for gadgets consists of two producers,Margaret and Ray.Each firm can produce gadgets with no marginal cost or fixed cost.Suppose that these two producers have formed a cartel and are maximizing total industry profits and splitting the production of output evenly between themselves.If Margaret decides to cheat on the agreement and sell 100 more gadgets,how many gadgets will she sell?

A) 0
B) 250
C) 350
D) 600