A company that rewards its salespeople based on the number of sales made can expect
a. Higher sales prices
b. Lower sales prices
c. No sales
d. All of the above
b
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The closer we are to the production possibilities frontier and the farther away we are from the origin,
A. the more unemployment there is. B. the less unemployment there is. C. the only way to produce more guns will be to give up some butter production. D. the only way to produce more butter will be to give up some gun production.
The order of the steps in the accounting cycle includes:
a. Adjusted trial balance, financial reports, adjusting entries, trial balance b. Adjusted trial balance, adjusting entries, financial reports, trial balance c. Trial balance, adjusting entries, adjusted trial balance, financial reports d. Trial balance, financial reports, adjusting entries, adjusted trial balance