Refer to the Accompanying Table A)6 Pizzas

question 135

Multiple Choice

Refer to the accompanying table. Corey's opportunity cost of delivering of a pizza is making: $\begin{array}{|l|r|r|}\hline & \text { Pizzas Made Per Hour } & \text { Pizzas Delivered Per Hour } \\\hline \text { Corey } & 12 & 6 \\\hline \text { Pat } & 10 & 15 \\\hline\end{array}$  

• A)6 pizzas.
• B)12 pizzas.
• C)2 pizzas.
• D)1/2 of a pizza.

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Definitions:

Common Stock

Shares of ownership in a corporation that entitle the shareholder to a share of the company’s profits and a right to vote on company matters.

Consolidation Worksheet

A tool used in preparing consolidated financial statements that combines the assets, liabilities, and equity of a parent company and its subsidiaries.

Par Value

The nominal or face value of a bond, share of stock, or another financial instrument, as stated by the issuing company.

Fair Value

The capital acquired from the sale of an asset or expended in the transfer of a liability in a smooth transaction among market intermediaries on the measurement date.