If the revenue (money coming in) is less than government expenditures (money going out) in a year, this is called a deficit. When there is a deficit, governments borrow money to cover the shortfall between money earned and money spent. The federal debt number is the total amount the federal government owes after years of deficits.

One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product