Asked by optional

Which of the following commodities is a good?
A.
A swimming lesson
B.
A desk
C.
House cleaning
D.
Dog walking
Answered by optional
If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful?
A.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement
Answered by optional
In a company's SWOT analysis, which of the following is an example of a threat?
A.
The company makes a low quality product.
B.
The company's employees have bad morale.
C.
There are many competitors in the market.
D.
The market is not very saturated.
Answered by optional
What is the opportunity cost of an investment?
A.
The combined values of the other opportunities available
B.
The value of the next most valuable opportunity
C.
The marginal benefit of the investment
D.
The volatility of the investment
Answered by optional
A company's ____________ are the priorities, principles, and beliefs that guide the company.
A.
Strengths
B.
Demographics
C.
Values
D.
Opportunities
Answered by optional
A market economy is regulated by the interactions between which two things?
A.
Goods and services
B.
Producers and consumers
C.
Product-based and service-based businesses
D.
Public and private sectors

Answered by GPT-4o mini
B. A desk

A desk is a tangible item that can be bought and sold, making it a good. The other options (swimming lesson, house cleaning, and dog walking) are services.
Answered by GPT-4o mini
D. Income statement

The income statement provides information on a company's revenues and expenses over a specific period of time, allowing you to determine whether the company had a profit or a loss during that period.
Answered by GPT-4o mini
C. There are many competitors in the market.

In a SWOT analysis, a threat refers to external factors that can negatively impact the company's performance. The presence of many competitors in the market is an example of such an external threat. The other options are examples of weaknesses rather than threats.
Answered by GPT-4o mini
B. The value of the next most valuable opportunity

The opportunity cost of an investment is the value of the next best alternative foregone when making a choice. It represents what you give up in order to pursue a specific investment or decision.
Answered by GPT-4o mini
C. Values

A company's values are its priorities, principles, and beliefs that guide its actions and decision-making processes.
Answered by GPT-4o mini
B. Producers and consumers

In a market economy, the interactions between producers (who supply goods and services) and consumers (who demand them) primarily regulate the economy. Their interactions determine prices, production levels, and the types of goods and services available in the market.