The financial management of a company should take steps to see that company's investment securities are protected. Which of the following is not a step that is designed to protect investment securities?
A) Securities should be registered in the name of the owner.
B) Access to securities should be vested in more than one person.
C) Custody of securities should be assigned to persons who have the accounting responsibility for securities.
D) Securities should be properly controlled physically in order to prevent unauthorized usage.
Answer: C) Custody of securities should be assigned to persons who have the accounting responsibility for securities.
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A price ceiling set below the equilibrium price causes quantity demanded to exceed quantity supplied
a. True b. False Indicate whether the statement is true or false
If the equilibrium wage is above the actual wage:
A. the demand for labor will increase. B. the demand for labor will decrease. C. the wage rate will fall. D. the wage rate will rise.
Use the figure below to answer the following question.
If actual production and consumption occur at Q1
A. economic surplus is maximized. B. missing surplus of b + d occurs. C. missing surplus of e + d occurs. D. consumer surplus is maximized.
Fast Copy is a perfectly competitive firm. The figure above shows Fast Copy's cost curves. The current market price is 4 cents per page. With no change in demand and technology, in the long run, the price will
A) remain unchanged. B) rise to 5 cents per page. C) fall to 2 cents per page. D) fall to 1 cent per page.