Information asymmetries are defined to be when:
A. one party to a transaction has more information that another.
B. information isn't readily available to anyone.
C. one party withholds information from the other party.
D. both sides to a transaction have equal information.
Answer: A
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An SCU can function effectively when:
a. the information flows to the SCU through the shortest route from the source. b. the aims and interests of its members and those of division-level employees coincide. c. the information flows to the SCU through a longer route, enabling multiple-level checks. d. the organization has different groups of individuals independently analyzing different types of risk.
Which of the following is not a result of a U.S. tariff on foreign autos?
a. increase the price of imported autos b. increase the price of domestic autos c. decrease the quantity of foreign autos purchased by U.S. consumers d. decrease the quantity of domestic autos purchased by U.S. consumers
When a business purchases a $25,000 computer system by writing a check, the business's balance sheet will:
A. only show an increase in liabilities of $25,000. B. show an increase in assets and liabilities of $25,000. C. only show an increase in assets of $25,000. D. still show the same total amount of assets as before the purchase.
Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then: