The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 4,650 8,300 4,850 Work in Process Beg Bal 3,750 21,850 5,850 8,150 7,950 Finished Goods Beg Bal 1,850 20,050 21,850 Manufacturing Overhead 2,450 7,950 3,150 2,850 Wages & Salaries Payable 20,050 Beg Bal 2,150 11,300 Cost of Goods Sold Beg Bal 20,050 The Cost of Goods Manufactured was:

Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery