All of the following are true about a cyclical pattern EXCEPT
a. it is often due to multiyear business cycles.
b. it is often combined with long-term trend patterns and called trend-cycle patterns.
c. it usually is easier to forecast than a seasonal pattern due to less variability.
d. it is an alternating sequence of data points above and below the trend line.
c. it usually is easier to forecast than a seasonal pattern due to less variability.
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An owner of a stable of racehorses has been earning below-average returns for more than 15 years. To a colleague, he expressed his determination to stay in horse racing until he died because "racing is in my blood." This individual is probably still racing horses because of:
A. high barriers to exit. B. high switching costs. C. high fixed costs. D. low levels of competitive rivalry.
Which of the following is not considered a workplace governance method?
A. Competitive labor markets. B. Statutory government regulation. C. Collective bargaining. D. Employer association mandates.
Discuss the nature of agency, including the scope of agency purposes
Which of the following is true about treasury shares?
a. They entitle holders to dividend payments. b. They provide voting and preemptive rights. c. They are also known as no par value shares. d. They are deemed issued but not outstanding.