From the Daily Business Manager Recurring Tab Screen List,you Can

question 7

Multiple Choice

From the daily business manager Recurring tab screen list,you can post directly (without opening a journal) to -

• A)the sales journal
• B)the receipts journal
• C)the purchases journal
• D)a & b above

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Definitions:

Equilibrium Position

In the indifference curve model, the combination of two goods at which a consumer maximizes his or her utility (reaches the highest attainable indifference curve), given a limited amount to spend (a budget constraint).

Economic Resources

The land, labor, capital, and entrepreneurial ability that are used to produce goods and services; the factors of production.

Marginal Costs

The extra expense generated from the production of an additional unit of a product or service.

R&D Costs

Expenses related to the research and development activities of a company, often aimed at discovering new products or improving existing products.