Tax-exempt money market mutual funds invest in only very short-term municipal debt
Indicate whether this statement is true or false.
Answer: TRUE
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Which of the following refers to the bargaining process through which buyers and sellers resolve areas of conflict and arrive at agreements?
A. Brainstorming B. Attribution C. Commercialization D. Negotiation E. Crowdsourcing
Which of the following items has the most price elasticity?
A. Fast food B. Prescription medication C. Branded luxury goods D. Gasoline E. Movie tickets
Kirsten believes her company's overhead costs are driven (affected) by the number of direct labor hours because the production process is very labor intensive. During the period, the company produced 5,000 units of Product A requiring a total of 1,600 labor hours and 2,500 units of Product B requiring a total of 400 labor hours. What allocation rate should be used if the company incurs overhead costs of $20,000?
A. $12.50 per labor hour for Product A and $50 per labor hour for Product B B. $2.67 per unit C. $10 per labor hour D. None of these.
In the context of evaluating economic performance, describe productivity.
What will be an ideal response?