The accounting-based performance analysis:
A. provides inexpensive information on opportunity costs.
B. provides aggregate level data that is insufficient for decision making.
C. is completely under the control of the operating managers.
D. is a true reflector of a particular management center's functioning.
Answer: B
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If a corporate bond with a face value of $20,000 pays yearly coupon payments of $500, what is the coupon rate?
A) 2.5% B) 4% C) 25% D) 40%
Which of the following occurs if firms are able to restrict output and raise price?
a. resources are misallocated b. wealth is shifted from consumers to government c. wealth is shifted from producers to consumers d. P = MC e. P = minimum LRAC
The increase in the quantity of labor supplied in response to a higher wage is called the:
A. price effect. B. labor effect. C. income effect. D. substitution effect.
The reason a shock to one sector can spread to the whole economy is that
a. a decrease in production in one sector leads to an overall decrease in spending b. firms will need to help bail out other firms that are having troubles c. an increase in production in one sector will lead to an overall decrease in spending d. most shocks are not sector-specific but economy-wide e. workers laid off in the one sector will purchase more goods in another sector