1) Consider the four market structures. In which market structure are there many firms producing differentiated goods?

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

2) Consider the four market structures:

(1). Perfect competition

(2). Monopolistic competition

(3). Oligopoly

(4). Monopoly

In which market structure(s) will we see firms that are generally not considered competitive and may have a large amount of market power to set their own prices?

(1) only

(1) and (2)

(4) only

(3) and (4)

(2) and (3)

3) Consider the four market structures:

(1). Perfect competition

(2). Monopolistic competition

(3). Oligopoly

(4). Monopoly

Entry barriers are seen in which market structure(s)?

(1) only

(1) and (2)

(4) only

(3) and (4)

(2) and (3)

4) Consider the four market structures:

(1). Perfect competition

(2). Monopolistic competition

(3). Oligopoly

(4). Monopoly

In which market structure(s) are there most likely to be large economies of scale?

(1) only

(1) and (2)

(4) only

(3) and (4)

(2) and (3)

Question 34 (1 point) Which statement is false? The discounted value of a loan is similar to the present value of an investment. O Compound interest investments can be modelled with exponential functions Increasing the frequency of the compounding increases the final value of an investment A compound interest investment always gives a greater future value than a simple interest investmentWhich of the following is true of financial accounting? (The primary users of financial accounting reports are internal users. Financial accounting reports are classified financial statements issued quarterly and annually. Financial accounting reports provide special purpose information for a particular user for a specific decision. ()Financial accounting reports are required simply to be useful to the decision maker.24) A homeowner installed new kitchen cabinets and countertops for $6500. He paid 15% down and financed the balance with a 24-month fixed installment loan with an APR of 7.0%. Determine the total finance charge and monthly payment for the loan. A) Total finance charge =$770.90; Monthly payment = $302.95 B) Total finance charge =$411.61; Monthly payment = $494.72 C) Total finance charge =$686.21; Monthly payment = $258.80 D) Total finance charge = $411.61; Monthly payment = $247.36A Moving to another question will save this response. Question 3 The term differential cost refers to: A cost which continues to be incurred even though there is no activity. A cost which does not involve any dollar outlay but which is relevant to the decision-making process. A difference in cost which results from selecting one alternative instead of another. The benefit forgone by selecting one alternative instead of another. 1 Moving to another question will save this response.Question 41 (2 points) Select the correct statement regarding managerial and financial accounting. O A) Financial accounting is more highly regulated than managerial accounting. ( B) Users of managerial accounting information desire greater aggregation than do users of financial accounting information. O C) Both managerial and financial accounting use economic and physical data in addition to financial data. O D) Timeliness is more important in financial accounting than in managerial accounting. Save