If a lobster in Maine costs $10 and that the same type of lobster in Massachusetts costs $30, then people could make a profit by

a. buying lobsters in Maine and selling them in Massachusetts. This action would decrease the price of lobster in Massachusetts.
b. buying lobsters in Maine and selling them in Massachusetts. This action would increase the price of lobster in Massachusetts.
c. buying lobsters in Massachusetts and selling them in Maine. This action would decrease the price of lobster in Massachusetts.
d. buying lobsters in Massachusetts and selling them in Maine. This action would increase the price of lobster in Massachusetts.

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct. d.

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.