1. which of the following is an economic activity?
a) teaching of a teacher in the school.
b) to play football.
e) none.

2. which of the following in known as plastic money?
a) bearer cheques
b) credit cards
c) demand drafts
d) gift cheques

3) ceteris paribus means-
a) invisible hand
b) other things remaining constant

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.