The supply of loanable funds is perfectly elastic.

In the United States,taxes tend to be regressive at:

A) federal,state,and local levels.
B) federal and state levels.
C) state and local levels.
D) no levels of government.

A favorable direct materials price variance might lead to an unfavorable direct materials quantity variance because the company purchased inferior materials.

Dorman Music Corporation manufactures guitars and uses a FIFO process costing system.The following information relates to September production: The amount of conversion cost that should be assigned to the guitars in work in process on September 30 is closest to:

A) $48,600
B) $874,400
C) $842,400
D) $48,000

A manager should use intermittent reinforcement to develop new behaviors, and continuous reinforcement for stable, mature behaviors.

Since stock prices can fall as well as rise, there is a risk associated with respect to __________ and that risk must be considered in respect to the motivational value of such pay systems.

A) merit pay systems
B) ESOPs
C) lump-sum increases
D) lump-sum payments
E) fringe benefit systems