✓Matching Match each term in Column A with its definition in Column B. Column A 1. capitalism 2. free enterprise 3. profit motive 4. competition 5. private property 6. pure competition 7. monopolistic competition 8. public property 9. gross domestic product (GDP) 10. invisible hand Column B a. competition among many small producers who sell products that vary slightly b. the total value of the goods and services pro- duced by a country in one year c. the lands, buildings, or goods owned by individuals or businesses d. the lands, buildings, or goods controlled or op- erated by federal, state, or local governments e. the right of individuals to enter into legal businesses and operate them as they see fit f. the effort to outperform other businesses g. a system of private ownership of raw materi- als, factories, and equipment h. the desire to earn a surplus i. when no single firm can influence prices j. Adam Smith's view on how a nation's eco- nomic resources can be efficiently allocated​

The amberssen specialty company is a chain of twelve retail stores that sell a variety of imported gift items, gourmet chocolates, cheeses, and wines in the toronto area. amberssen has an is staff of three people who have created a simple but effective information system of networked point-of-sale registers at the stores and a centralized accounting system at the company head- quarters. harry hilman, the head of amberssens is group, has just received the following memo from bill amberssen, sales director (and son of amberssen’s founder). harry—it’s time amberssen specialty launched itself on the internet. many of our competitors are already there, selling to customers without the expense of a retail storefront, and we should be there too. i project that we could double or triple our annual revenues by selling our products on the internet. i’d like to have this ready by - giving, in time for the prime holiday gift-shopping season. bill after pondering this memo for several days, harry scheduled a meeting with bill so that he could clarify bill’s vision of this venture. using the standard con- tent of a system request as your guide, prepare a list of questions that harry needs to have answered about this project.

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is:

Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions