Weegy: Inelastic is an economic term used to describe the situation in which the supply and demand for a good are unaffected when the price of that good or service changes. Read more: User: In the cash flow statement, cash is defined as: Options a.Quick assets b.Literal cash on hand or on demand deposit, plus cash equivalents. c.Literal cash on hand or on demand deposit, plus marketable securities. d.All of the above Weegy: In the cash flow statement, cash is defined as - - Literal cash on hand or on demand deposit, plus cash equivalents. User: Which of the following statements is true? Options a.Elasticity of demand is constant throughout the demand curve. b.Elasticity of demand increases as one goes down the demand curve. c.Elasticity of demand decreases as one goes down the demand curve. d.The price and total revenue move in the same direction when demand is elastic (More)

Weegy: If both income and substitution-effects are strong, this region of the demand curve must be relatively price elastic. User: If a company’s asset turnover rate increased from 2005 to 2006, which of the following conclusions can be made? Options a.The company was less efficient during 2006 in using its assets to produce profits. b.The company produced more sales in 2006 for each dollar invested in assets. c.The company was more profitable in 2005. d.The company is over-invested in assets in 2006. Weegy: The answer would be letter C. [ The company produced more sales in 2006 for each dollar invested in assets. ] User: If a good has close substitutes, Options a.Its demand curve will be relatively elastic. b.Its demand curve will be relatively inelastic. c.Its demand curve could be unit-elastic. d.Either (a) or (c). Weegy: If a good has close substitutes, Its demand curve will be relatively elastic. User: The demand for most products varies directly with the change in consumer income. Such products are known as Options a.Normal goods. b.Prestigious goods. c.Complementary goods. d.Inferior goods. User: Which of the following statements is true with regard to price elasticity of demand? Options a.Elasticity remains constant throughout the demand curve. b.Elasticity increases with increase in quantity demanded. c.Elasticity increases as the price decreases. d.Elasticity is equal to the slope of the demand curve. (More)

Weegy: I can answer that only after you provide the person's surname as well. User: What specific policies might a company follow to avoid interviews like this one? (More)

Weegy: Unearned revenues are Prepayments and Liabilities. User: The revenue recognition principle requires that sales revenues be recognized: Options a.When cash is received. b.When the merchandise is ordered. c.When the goods are transferred from the seller to the buyer. d.None of the above. (More)

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