Which of the following is NOT one of the four general classes of consumer goods and services?
A) shopping
B) ordinary
C) specialty
D) convenience
E) unsought
Answer: B
Explanation: B) The four general classes of consumer goods and services are convenience, shopping, specialty, and unsought. Ordinary is not one of them.
Business
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The minimum efficient scale of production is high when fixed costs are low.
a. true b. false
Business
Which of the following will be categorized as a financing activity on the statement of cash flows?
A) Cash received by selling old equipment B) Cash paid for purchase of new machinery C) Cash paid for purchase of office supplies D) Cash received from issuance of shares of common stock
Business