Andrew, a college student, loves drinking coffee late at night to study for exams. having no income, he is used to buying cheap bad tasting coffee, such as beanlightened, that he needs to grind and brew himself. the coffee tastes putrid but, with enough cream and sugar, andrew is able to tolerate it. occasionally, he does go out to starbucks when he has spare money. after graduation, andrew gets a job working at a database firm as a programmer. his income is now a healthy $75,000 a year and he decides he\'s had enough bad tasting coffee. he ends up buying coffee daily from starbucks even though it costs significantly more than beanlightened.1. in economic terms, starbucks coffee is a(n) while beanlightened coffee is a(n) . andrew's demand for starbucks coffee changed as a result of an increase in his

Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute a/an series. the equation is: a stock with no maturity is an example of a perpetuity. quantitative problem: you own a security that provides an annual dividend of $170 forever. the security’s annual return is 9%. what is the present value of this security? round your answer to the nearest cent. $