The holder of a corporate bond
a. receives a guaranteed dividend payment each year
b. can vote at shareholder meetings
c. can vote only for the board of directors at shareholder meetings
d. is a part owner of the business
e. receives, at most, a stated interest payment on the investment
E
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Which of the following makes the Consumer Price Index a less accurate measure of the cost of living?
i. The monthly price survey conducted to collect information about prices is very unreliable. ii. The existence of a new goods bias in the calculation of the CPI iii. The existence of a quality change bias in the calculation of the CPI A) i, ii, and iii B) i and ii C) i only D) ii only E) ii and iii
Refer to Figure 14-4. How will Rainbow Writer respond to Odeon's two possible offers?
A) Rainbow Writer will only accept an offer of $30 per copy of the software package. B) Rainbow Writer will only accept an offer of $40 per copy of the software package. C) Rainbow Writer will reject either offer. D) Rainbow Writer will accept either offer.
Assume a perfectly competitive firm is producing 500 units of output, P = $7, ATC of the 500th unit is $6, marginal cost of the 500th unit = $7, and AVC of the 500th unit = $5. Based on this information, the firm is:
A) earning an economic profit of $500. B) earning an economic profit of $1,000. C) incurring a loss of $500. D) incurring a loss of $1,000.
The difference between a three-digit North American Industry Classification System (NAICS) industry and a six-digit NAICS industry is that:
A. the three-digit industry is more specifically defined than the six-digit code. B. three-digit codes apply to a different set of industries than six-digit codes. C. three-digit codes are used to classify industries whereas six-digit codes are used to classify firms. D. the six-digit industry is more specifically defined than the three-digit code.