If an economy is based primarily on businesses that provide services, what would you expect to be true about the costs of the goods you buy? The cost of goods like refrigerators and cars will be higher because they must be imported. The cost of goods like refrigerators and cars will be lower because they are more energy efficient. The cost of goods like refrigerators and cars will be lower because they are imported. The cost of goods like refrigerators and cars will be higher because they must be custom produced.

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i. e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant. a. the division's basic earning power ratio is above the average of other firms in its industry. b. the division's total assets turnover ratio is below the average for other firms in its industry. c. the division's debt ratio is above the average for other firms in the industry. d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.