The cost-benefit principle prescribes that the benefits from an activity in an accounting information system outweigh the costs of that activity.

Government purchases and transfer payments:

A) differ because the latter absorb resources while the former do not.
B) differ because the former absorb resources while the latter do not.
C) are alike because both are more inflationary than private spending.
D) are alike because both absorb resources.

Which of the following will cause a change in aggregate demand?

A) A change in consumer demand
B) A change in the demand for investment goods
C) A change in government spending
D) All of the choices will cause a change in aggregate demanD.

​Which of the following makes a firm's resources hard to imitate?

A) ​Do not use resources that flow from the firm's unique history
B) Keep the link between resources and advantage simple
C) Resources emanate from a socially complex organizational structure
D) ​All of the above

If a firm has to increase output suddenly to meet an increase in demand,its average total cost will decrease in the short run until it has time to add physical capital.

LisTop Group is a bank that primarily does business with consumers. It can be said that LisTop Group is a _____.

A) trade center bank
B) federal bank
C) money center bank
D) conventional bank