A market situation in which there is a sufficiently large number of well-informed buyers and sellers of a homogeneous product such that no individual participant has enough power to determine the price of the product, resulting in a marketplace that is efficient in production and allocation of products is known as
A. comparative advantage.
B. monopoly.
C. absolute advantage.
D. perfect competition.
E. competitive advantage.
Answer: D
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Which of the following statements is CORRECT?
A. A 10-year, 10% coupon bond has less reinvestment rate risk than a 10-year, 5% coupon bond (assuming all else equal). B. The total return on a bond during a given year is the sum of the coupon interest payments received during the year and the change in the value of the bond from the beginning to the end of the year. C. The price of a 20-year, 10% bond is less sensitive to changes in interest rates than the price of a 5-year, 10% bond. D. A $1,000 bond with $100 annual interest payments that has 5 years to maturity and is not expected to default would sell at a discount if interest rates were below 9% and at a premium if interest rates were greater than 11%. E. 10-year, zero coupon bonds have higher reinvestment rate risk than 10-year, 10% coupon bonds.
Garrett has just purchased a beer distributorship. He wants to increase the visibility of his firm in local markets, but he knows there are a number of regulations and socially accepted practices associated with promoting alcoholic beverages. The first thing Garrett should do is to
A. choose a course of action. B. identify issues that need to be addressed. C. brainstorm alternatives. D. gather information and identify stakeholders. E. promote the firm's corporate social responsibility efforts.
What is meant by (1) ethical universalism and (2) integrated social contracts theory? Which of these two schools of thought do you believe is most inclusive? Explain the reasons for your answer.
What will be an ideal response?
For the current tax year, Morgan had $25,000 of ordinary income. In addition, he had an $1,900 long-term capital loss and a $1,600 short-term capital loss. What will be the amount of Morgan's capital loss carryforward to the next year?
a. $0 b. $300 c. $500 d. $3,000 e. $3,500