An economic theory seeks to
a, capture the important elements of the problem under study.
b. distort reality in order to improve forecasting ability.
c. predict phenomena without explaining them.
d. explain phenomena without predicting them.
e. include every detail and interrelation among variables that are being analyzed.

Select the correct answer. joshua runs a large manufacturing business that is listed on the stock exchange. his company made good profits in the previous financial year. he now plans to reward his shareholders with handsome dividends. under which category of activities in the cash flow statement would the company’s accountants place this outflow of cash? a. investing activities b. operating activities c. financing activities d. non-operating activities

Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above

What is inventory turnover? explain the effect of a high inventory turnover during the christmas shopping season.