FROM THE QUESTIONS Below, SELECT ANY THREE AND write A CONCISE RESPONSE FOR EACH (at least a page long for each question), EXCLUSIVE OF CITATIONS, IF ANY

1. How would a manager use economic theory to maximize profit price for a service or product?

2. What is the process of target costing? How is target costing calculated?

3. Why is the time value of money important in financial planning and forecasting?

4. Distinguish between a Defined Benefit and a Defined Contribution retirement plan. What are the benefits and limitations of each....which do you prefer and why?

5. In engaging in due diligence for any investment, what types of factors and issues might you focus on? Are there "levels" of due diligence?

6. What is insolvency and how does the concept differ from continuous operations despite the balance sheet data?