If people form their expectations using all the information available to them, they are said to have
A. informed expectations.
B. rational expectations.
C. irrational forecasts.
D. an information set.
Answer: B
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The income statement for a manufacturing company usually contains a detailed computation of the
a. total manufacturing cost. b. cost of goods sold. c. total cost of materials used. d. cost of goods manufactured.
A(n) ________ is the result of the disaggregation of an aggregate plan
Fill in the blanks with correct word
Although the parties failed to comply with the applicable statute of frauds, a contract that was fully executed
a. is a valid contract. b. is subject to rescission because of failure to comply with the statute of frauds. c. subjects one or both parties to criminal prosecution. d. subjects one or both parties to civil damages for the tort of fraud.
The four primary elements in a firm's credit policy are (1) credit standards, (2) cash discounts offered, (3) credit period, and (4) collection policy.
Answer the following statement true (T) or false (F)