What is the most likely outcome if a central bank suddenly prints a large amount of new money?
A) no change in the inflation rate
B) higher inflation
C) recession
D) prosperity
Answer: B
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Which of the following is not true about backflush costing?
a. Different companies may choose different trigger points. b. Production costs are attached to products as they move through work in process. c. A single account is used for raw and in-process materials because materials are issued to production when received from the supplier. d. Direct labor is usually insignificant in a highly automated system, so is not cost effective to account for it separately.
What is the term for a group of people who think in similar ways about how to communicate subjects to be dealt with and how to approach them?
A. social network B. workgroup C. discourse community D. culture
Service contracts generally represent a cost-saving method that reduces your cost of operations
Indicate whether the statement is true or false.
Self-liquidating loans are intended merely to carry a firm through seasonal peaks in financing needs that are due primarily to buildups of accounts receivable and inventory
Indicate whether the statement is true or false