Engineering Economics Duopsony is a market situation where there is/are: Many sellers and few buyers Few sellers and few buyers One seller and few buyers Few sellers and many buyers Many sellers and few buyers Few sellers and few buyers One seller and few buyers Few sellers and many buyers ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Salvage value is sometimes known as ______. Going value Junk value Scrap value Second-hand value Going value Junk value Scrap value Second-hand value ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the: Law of demand Law of supply Law of supply and demand Law of diminishing return Law of demand Law of supply Law of supply and demand Law of diminishing return ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Gross margin is the ratio of the gross profit to ______. Inventory turnover Net sale Quick assets Owner’s equity Inventory turnover Net sale Quick assets Owner’s equity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the simplest form of business organization? Corporation Partnership Enterprise Sole proprietorship Corporation Partnership Enterprise Sole proprietorship ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is an accounting term that represents an inventory account adjustment? Overhead cost Cost accounting Cost of goods sold Standard cost Overhead cost Cost accounting Cost of goods sold Standard cost ANSWER DOWNLOAD EXAMIANS APP
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