You work for a furniture manufacturing company. You have been asked to conduct the yearly review of lumber suppliers to ensure that your company is getting the highest quality lumber at the best price. After an extensive investigation, you determine the company’s current supplier provides the highest-grade lumber at prices 5% lower than any other suppliers. However, while doing this research you are surprised to find out that your best friend’s wife is actually a co-owner of that supplier. Which of the following most accurately describes what you should do? a. Recommend an alternate supplier because your existing supplier represents a conflict of interest.
b. Recommend an alternate supplier because using this supplier lacks transparency.
c. Recommend your current supplier because they meet the criteria set by your company, but disclose toyour managers that you know one of the supplier’s owners.
d. Recommend your current supplier as long as your friend and his wife will take you to a nice dinner toreward you for helping out their business.

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Label each scenario with the term that best describes it. use the midpoint method when applicable. marcel duchamp was a famous artist prior to his death, and was known for his dada artwork, including works such as "soft toilet". all of his original sculptures and paintings go on sale. paul owns a tim horton's, a famous donut and coffee franchise. he is willing to sell as many maple glazed donuts as customers want at a price of $1.00 each, but he refuses to sell any donuts for any price lower than $1.00 . the price of facial tissues rises from $2.85 per box to $3.15 . as a result, p& g increases production from 15 million boxes to 25 million boxes of facial tissue. with the school semester starting for both high school and college, papermate chooses to increase production of pens from 38 million to 42 million after global prices of writing instruments increase from $1.90 a package to $2.10 a package. bright ideas increases its production of lightbulbs by 15% after a 400% increase in the price of fluorescent bulbs.labels: elastic supply; perfectly inelastic supply; perfectly elastic supply; inelastic supply; unit-elastic supply.

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker