A variable whose values are not known with certainty is called a _____
a. certain variable
b. random variable
c. constant variable
d. decision variable
B
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Which of the following terms does not describe the interest rate printed on the bond certificate?
a. Coupon rate b. Effective rate c. Face rate d. Stated rate
The government can limit entry to an industry or market through strict regulation, licensing requirements, and by limiting access to raw materials via laws or high taxes and to certain locations by means of zoning restrictions.
Answer the following statement true (T) or false (F)
Which of the following is the usual final step in the accounting cycle?
A. Preparing a post-closing trial balance. B. Preparing the financial statements. C. Preparing a work sheet. D. Preparing an adjusted trial balance. E. Journalizing transactions.
In examining the volume of international trade, the proportion of world exports and imports accounted for by the 10 largest exporting and importing nations in 2013
A. exceeded 50 percent. B. was approximately one-third. C. was approximately 25 percent. D. was 40 percent. E. exceeded 70 percent.