Which of the Following Is a Microeconomic Topic

question 1

Multiple Choice

Which of the following is a microeconomic topic?
i.K-Mart's decision to close stores that are not making a profit.
ii.Bunning's choice to hire more full-time employees because its sales increased.
iii.Virgin Airlines changes its fares.

• A)i only
• B)ii only
• C)i and iii
• D)ii and iii
• E)i,ii,and iii

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Definitions:

Retained Earnings

The portion of a company's profits not distributed to shareholders as dividends but retained for reinvestment in the business or to pay debt.

Net Income

The net income of a company following the subtraction of all costs and taxes from the gross revenue.

Cash Dividend

A cash dividend is a payment made by a company out of its profits to shareholders in the form of cash.

Annual Financial Statements

Reports that give an overview of a company's financial condition for a specific fiscal year, including income statements, balance sheets, and cash flow statements.