Indicate Whether Each of the Following Items Is Primarily: (I)an

question 39

Short Answer

Indicate whether each of the following items is primarily: (I)an internal report or (E)an external report. Each numbered item has only one correct response.
____ 1. Analysis of potential acquisitions
____ 2. Analysis of product mix
____ 3. Capital budgets
____ 4. Cash flow plan
____ 5. Credit reports
____ 6. Financial statements
____ 7. Inventory reports for suppliers
____ 8. News release
____ 9. Analysis of supplier quality
____ 10. Tax returns

Understand the concept of opportunity cost and its significance in economic decision-making.

Grasp the notion of marginal analysis and how it is applied to make decisions.

Recognize the role of scarcity in economics and how it necessitates choices.

Apply the economic perspective to analyze individual and societal choices.