Which of the following is most typical of a command economy?
A) Consumers have choices of many substitutes for any given product.
B) Quality of products and services tends to be consistent.
C) The prices of goods and services frequently change.
D) Many products are usually in short supply.
D
Business
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Managerial accounting can be used to calculate costs for service and merchandising companies
Indicate whether the statement is true or false
Business
A buyer makes an offer on the seller's property. The seller changes the price and signs the counteroffer. Which of the following statements regarding this situation is INCORRECT?
A. The original offer has been rejected. B. The original offeree is now the offeree C. The agreement is binding on both parties. D. The counteroffer is a new offer.
Business