In general, the use of accounting-based performance analysis is more effective in:
A. audit review of failed enterprises.
B. decision control.
C. residual income.
D. decision management.
Answer: B
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Debt deflation occurs when
A) an economic downturn causes the price level to fall and a deterioration in firms' net worth because of the increased burden of indebtedness. B) rising interest rates worsen adverse selection and moral hazard problems. C) lenders reduce their lending due to declining stock prices (equity deflation) that lowers the value of collateral. D) corporations pay back their loans before the scheduled maturity date.
Microsoft has been accused of violating an antitrust law pertaining to bundling.
Answer the following statement true (T) or false (F)
Which resource is the main contributor to economic growth in the United States, Latin America, and South Asia?
A. growth in physical capital B. growth in human capital C. growth in natural resources D. growth in labor productivity
A perfectly competitive firm is maximizing profits in the short run. This implies that the firm is earning the most economic profits possible, which
A. must be positive. B. exist at the point at which price equals total cost. C. must be either zero or positive. D. can be positive, negative, or zero.