What is the change in total costs associated with a one-unit change in output?
a. variable cost
b. marginal cost
c. flex cost
d. elastic cost
Ans: b. marginal cost
Business
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Which of the following would be classified in a different major section of a balance sheet from the others?
a. Capital stock b. Common stock subscribed c. Stock dividend distributable d. Stock investment in affiliate
Business
Which of the following is not a role of the Web from the vantage point of the retailer?
a. to furnish customer service in the form of E-mail and "hot links" b. to replace mail, phone, and fax communications c. to reach geographically dispersed consumers, including foreign consumers d. to provide information to consumers
Business