The Internet Has Made Learning to Play a Musical Instrument

question 16

Multiple Choice

The Internet has made learning to play a musical instrument easier than ever, with thousands of Web sites offering free music lessons. What happens in the musical instruments market as a result of the availability of these free lessons?

• A) The supply curve increases, pushing down the price.
• B) The demand curve shifts out, pushing up the price.
• C) The demand curve shifts out, which in turn causes the supply curve to increase. The overall effect on price is ambiguous.
• D) The price of musical instruments falls, causing an increase in the quantity demanded.

Recognize the purposes and audiences of various research reports.

Distinguish the appropriate channels for disseminating scholarly research.

Identify the criteria for news determinants in scholarly reporting.

Comprehend the basic structure of scholarly and professional reports.

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Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their usage of the activities.

Manufacturing Overhead

All manufacturing costs other than direct materials and direct labor, including costs related to running a factory such as utilities, depreciation, and maintenance.

Direct Labour-Hours

The total hours worked directly on the production of goods or services.

External Reports

Financial documents that are prepared for parties outside the organization, such as shareholders and creditors.