Everything else remaining unchanged, an increase in the supply of security A and an increase in the demand for security B causes the price of security A to ____ and the price of security B to ____.
A. fall; fall
B. fall; rise
C. rise; fall
D. rise; rise
Answer: B
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The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. Extensions and footings on purchase invoices are verified before the invoices are approved for payment
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
Why is it important to support “wild ideas” during brainstorming sessions?
a. It encourages critical analysis. b. Wild ideas are easier to think of. c. It saves people embarrassment. d. Wild ideas can often give rise to creative leaps.
Which of the following is the BEST way to ensure that cohesion and cooperation are not undermined and the parties involved will be satisfied when the project is complete?
A. Fair and incentive-laden contracts B. Frequent review and status updates C. Well-established conflict management processes in place D. Long-term outsourcing relationships E. Good negotiation practices
Canary Corporation, which sustained a $5,000 net short-term capital loss during the year, will enter $5,000 as an addition on Schedule M-1 of Form 1120.
Answer the following statement true (T) or false (F)