All of the following are non-price determinants of supply except
A) costs.
B) technology.
C) income.
D) future expectations.
C
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In the Keynesian cross diagram, a decline in autonomous consumer expenditure causes the aggregate demand function to shift ________, the equilibrium level of aggregate output to fall, and the IS curve to shift to the ________,
everything else held constant. A) up; left B) up; right C) down; left D) down; right
The Net Present Value approach to investment results in an investment being undertaken only if
A) its net present value is positive. B) its net present value is zero. C) it has positive cash flow. D) its internal rate of return equals the rate of interest.
An official of the client company took securities from the safe deposit box and sold them to obtain cash to meet a personal financial crisis. Even with proper internal control, if the official purchased identical securities before the year-end and placed them in the safe deposit box, this improper "borrowing" would probably go undetected during the annual audit.
a. true b. false
Which of the following statements best illustrates the time-value of money concept?
A. Bob is willing to forgo receiving $100 today in order to receive $110 next month. B. Tom is indifferent between receiving $50 now and receiving $50 six months from now. C. Terry works for an hourly wage instead of a fixed salary. D. Jeff would prefer to receive $200 at the end of the year instead of $220 now.