Define the service sector and list a few industries that it covers.
What will be an ideal response?
Service sector refers to organizations and individuals involved in delivering service as a primary product. The term service sector as used by the Census Bureau and the Bureau of Labor Statistics in their reports and projections typically includes:
Transportation, communication, and utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Federal government
State and local governments
In addition, there are people who are self-employed and provide various types of services to their customers and clients.
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Categories of political risk listed by EIU (Economist Intelligence Unit) include all of the following except:
A) war. B) political turmoil. C) bureaucracy. D) corruption. E) crime.
Which of the following is not true?
a. Gains (losses) are increases (decreases) in net assets from peripheral or incidental transactions of an entity and from other transactions and events affecting the entity except those that result from revenues (expenses) or investments by (distributions to) owners. b. Firms usually report gains and losses from sales of assets or settlements of liabilities at a net amount; that is, equal to the difference between the net asset received and the carrying value of the asset sold or between the net asset given and the carrying value of the liability settled. c. Gains and losses may arise from the remeasurement of assets and liabilities. d. Firms realize gains and losses when they sell or exchange assets or settle liabilities in market transactions. e. Firms realize gains and losses when those items enter the measurement of net income or other comprehensive income.
A break bulk ship:
a. handles only bulk cargo b. would require that shipments be crated for handling c. sails in lanes where liners do not operate d. allows vehicles to roll on or roll off
All but which one of the following indices is value weighted?
A. NASDAQ Composite B. S&P 500 C. Wilshire 5000 D. DJIA