Discuss the view of the free-market approach on resource conservation.
What will be an ideal response?
The free market provides an answer for resource conservation. From a strict market economic perspective, resources are "infinite." Julian Simon, for example, has argued that resources should not be viewed as material objects but simply as a means to our ends. History has shown that human ingenuity and incentive have always found substitutes for any shortages. As the supply of any resources decreases, the price increases, thereby providing a strong incentive to supply more or provide a less costly substitute. In economic terms, all resources are "fungible." They can be replaced by substitutes, and in this sense resources are infinite. Resources that are not being used to satisfy consumer demand are being wasted.
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All of the following tests of controls will provide evidence about the adequacy of the disaster recovery plan except
a. inspection of the second site backup b. analysis of the fire detection system at the primary site c. review of the critical applications list d. composition of the disaster recovery team
What is the correct formula to determine the value of the stock using the Earnings Model in B6?
a) =B1*B2/B3+(B1*B2*(B4/B3-1))/(B3-B5)
b) =B1/B3-(B1*(1+B2)*(B4/B3+1))/(B3+B5)
c) =B1/B3+B1*(1-B2*B4/B3-1)/(B3-B5)
d) =B1/B3+(B1*(1-B2)*(B4/B3-1))/(B3-B5)
e) =B1/B3+(B1*(1-B3)*(B2/B3-1))/(B3-B4)
If only common stock is outstanding, total stockholders' equity divided by the number of shares of common stock outstanding is called the
A) par or stated value per share. B) call value per share. C) book value per share. D) market value per share.
A contract that is entered into because of undue influence is ________.
A. void B. fully enforceable C. voidable by either party D. voidable by the innocent party