Business Awareness Questions

Product costs are also called Inventoriable Costs, since the product costs are used to value their goods in inventory.

Security in a business does not motivate entrepreneurs. An entrepreneurs primary motivation to start a business is to be independent.

The factors that affect worker productivity include the size of incentive payments per non-defective pair, base pay increases, how favorably a company's compensation package compares with the industry-average compensation package, and expenditures for best practices training.

A monopoly firm has no well-defined supply curve. In other words, there is no unique supply curve for the monopolist derived from his MC curve.