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What is business? - ACCURATE ANSWERS organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. Doesn't exist without people. Human (4 kinds of resources) - ACCURATE ANSWERS people and labor Material (4 kinds of resources) - ACCURATE ANSWERS raw materials and buildings and machinery Information (4 kinds of resources) - ACCURATE ANSWERS effectiveness of Human, Material and Financial resources when combined and used. Fi...

PEREGRINE EXAM: ECONOMICS REVIEW QUESTIONS WITH GUARANTEED ACCURATE ANSWERS PEREGRINE BUSINESS EXAM SET WITH GUARANTEED ACCURATE ANSWERS |VERIFIED PEREGRINE EXAM 20242025 WITH GUARANTEED ACCURATE ANSWERS |VERIFIED PEREGRINE EXAM GUIDE 20242025 WITH GUARANTEED ACCURATE ANSWERS PEREGRINE EXAM STUDY QUESTIONS WITH GUARANTEED ACCURATE ANSWERS |VERIFIED

No choice is free because __________? Options: - Resources are unlimited - Resources vary by economy - Resources are limited - Resources are constant over time - ACCURATE ANSWERS - Resources are limited Choose the economic concept that best fits the question or statement: I've already done 45 minutes of exercises; how many more calories will I get rid of if I exercise for another 10 minutes? Options: - Average Production (or Productivity) - Marginal Thinking - Opportunity Cost...

Authentic - ACCURATE ANSWERS Leadership focuses on both an intrapersonal perspective, but also is reciprocal, as followers affect leaders. It is a pattern of behavior that develops from and is grounded in a leader's positive psychological qualities and strong ethics. Emotional intelligence - ACCURATE ANSWERS the ability to perceive, understand, manage, and use emotions Change and movement - ACCURATE ANSWERS Primary function of leadership is to produce Leader-member excahange - ACCURA...

When a business erroneously records expenses as assets, it has violated the measurement issue of: A. communication B. classification C. valuation D. recognition - ACCURATE ANSWERS B. classification A dividend will reduce which of the following accounts? A. Dividends B. Retained Earnings C. Common Stock D. Accounts Payable - ACCURATE ANSWERS B. Retained Earnings Liquidity - ACCURATE ANSWERS The degree to which a security can be quickly purchased or sold in the market at ...

When the costs of supplies increase in an industry, the low cost leader_____ - ACCURATE ANSWERS is the only firm able to pay the higher prices and continue to earn average or above average returns Accounts Payable - ACCURATE ANSWERS current liability account in which a company records the amounts it owes to suppliers or vendors for goods or services that it recieved on credit Accounts receivable - ACCURATE ANSWERS current asset account in which a company records the amounts it has a right ...

What is a general ledger? - ACCURATE ANSWERS A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits stockholders' equity accounts such as Common Stock, Retained Earnings, Treasury Stock, and Accumulated Other Comprehensive Income...

Which of the following is NOT a strategic alternative to laying off employees? - ACCURATE ANSWERS implementing a restricted hiring policy downsizing the workforce lowering employment standards mandating reduced hours Lowering Employment Standards KJ built his taco truck out of $75,000,000 worth of titanium and duct tape. He uses $10.25 of organic bok choy, $6.75 of Wisconsin cheddar cheese, and $25.25 of foie gras in each taco. If he sells tacos at $475 each, what is his break-even quan...

What are the color of the runway markings and runway hold lines? - ACCURATE ANSWERS Yellow ___ are the portion of the airfield where aircraft or helicopters are parked before, after, or between flights, and for servicing and maintenance. - ACCURATE ANSWERS Aprons Which of the following is required when parking a vehicle at the side of any aircraft? - ACCURATE ANSWERS Vehicle will be clear of the wingtips and must be visible to personnel in the cockpit. Prior to entering/crossing a runwa...

Partial hydroplaning of a typical passenger car can start at speeds as low as - ACCURATE ANSWERS 35 mph A center lane between opposing lanes of traffic may be designated for - ACCURATE ANSWERS left turns only When you wish to change lanes or make a turn, you must _________ to inform other motorists of your intentions. - ACCURATE ANSWERS signal at least 100 feet in advance. (At 40 mph, a vehicle will travel 100 feet in less than two seconds.) When making a right turn, look right and left...