An official of the client company took securities from the safe deposit box and sold them to obtain cash to meet a personal financial crisis. Even with proper internal control, if the official purchased identical securities before the year-end and placed them in the safe deposit box, this improper "borrowing" would probably go undetected during the annual audit.
a. true
b. false
Answer: b. false
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Which of the following is NOT an example of a way in which microeconomic analysis can help in designing environmental policy?
A) Determining the optimal level of vehicle fuel efficiency standards B) Designing laws to provide incentives for firms to implement clean technologies in new vehicles C) Lobbying consumers and firms to reduce consumption of energy D) Examining the tradeoffs between ecological benefits of environmental legislation and its impacts on consumers' standard of living
A barrier to entry
A) makes it illegal for firms to enter the industry. B) can be thought of as unrelated to monopoly. C) slows or even prevents entry into a market. D) usually takes the form of a cartel.
Which of the following might cause the demand curve for an inferior good to shift to the left?
a. a decrease in income b. an increase in the price of a substitute c. an increase in the price of a complement d. None of the above is correct.
A bond promises to pay $500 in one year and $10,500 in two years. What is the correct way to find the present value of this bond?
a. $500(1 + r) + $10,500/(1 + r)2 b. $500/(1 + r) + $10,500/(1 + r)2 c. $11,000/(1 + r)2 d. $500(1 + r) + $10,500(1 + r)2