REVIEW YOUR KNOWLEDGE 9. Barbara Wall had a great recipe for sweet bell pepper sauce. Her
friend Lynne Wilson convinced her that they should go into busi-
ness together and sell the sauce. They now ship J. T.'s Red Sauce
to stores in 35 states. Wall and Wilson are examples of
a. intrapreneurs
b. entrepreneurship
c. employees
d. managers

How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

Sports leave thousands of college athletes with little time for their studies. this is an example of