Refer to Figure 14-7. Assume that the market starts in equilibrium at point W in graph (b) . An increase in demand from D₀ to D₁ will result in

A) a new market equilibrium at point X.
B) an eventual increase in the number of firms in the market and a new long-run equilibrium at point Z.
C) rising prices and falling profits for existing firms in the market.
D) falling prices and falling profits for existing firms in the market.

_________ decisions are a major component of all flow charts?

A) Hiring
B) Yes\No
C) Financial
D) Political
E) Marketing

Which of the following accounts will not be found in the Cost of Goods Sold section of the income statement for a company using the periodic inventory method?

A) Purchases
B) Freight In
C) Selling Expense
D) Inventory

A bond with a par value of $1,000 has an annual interest payment of $85.The bond currently sells for $850 and has 8 years to maturity.Which of the following is true?

A) The current yield on the bond must be 8.5%.
B) The investor's required rate of return must be 8.5%.
C) The coupon rate must be 8.5%.
D) The yield to maturity must be 8.5%.

Which of the following is included in the calculation of the balance of trade?

A) Payments between governments
B) Investing activities
C) Purchases of goods and services
D) All of the above are included.
E) None of the above is included.

A budget can be an effective means of communicating management's plans to employees.