Long-term plans are defined as those with a time frame beyond ________.

A. seven years
B. one year
C. five years
D. three years


Answer: D

Business

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Plant assets are depreciated because:

A) the accrual basis of accounting requires matching of costs to revenues. B) cash basis of accounting requires depreciation. C) the book values equal market values. D) the replacement cost of plant assets may fluctuate over time.

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State corporation statues set up the legal framework for corporate governance.

Answer the following statement true (T) or false (F)

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Consider a one-period binomial model of 12 months. Assume the stock price is $54.00,

? = 0.25, r = 0.04 and the exercise price of a call option is $55. What is the forecasted price of the stock given a downward movement during the year? A) $43.77 B) $ 45.28 C) $48.98 D) $51.84

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Although the major commodities exchanges continue to operate separately, ownership has been concentrated under

A) The New York Mercantile Exchange. B) The Chicago Board of Trade. C) The Chicago Mercantile Exchange. D) The New York Stock Exchange.

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