Which of the following is an economist's definition of economics? O A. The analysis and forecasting of the growth and profit of the
different sectors of the economy, such as the automobile industry,
the cattle industry, and so on.
O B. The study of such elements of the economy as stock prices,
interest rates, housing stas, consumer spending, and so on.
O C. The study of why people need more resources than are available.
D. The study of all business activity in a particular market (the world,
nation, state, and so on).
E. A social science that examines human behavior in the face of
scarcity.

Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.