In the evolutionary process of economic growth, _____ plays the crucial and indispensable role of providing the "social glue" that binds together both high-tech and "Main Street" activities.

a. entrepreneurship
b. supply or demand
c. the Internet
d. management


ANSWER: a

Business

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If a U.S. company purchases goods from a British supplier for a fixed number of U.S. dollars, an exchange gain or loss would not arise for the U.S. company, even if the exchange rate has changed between the time of purchase and the time of payment

Indicate whether the statement is true or false

Business

Teller Company has designed a caller ID machine with a large screen that can be seen easily from across the room. The Sales Department believes that this product can be sold for $30 each. Teller requires that all new products yield 15% profit. What is the target cost of the new product?

A) $25.50 B) $4.50 C) $30 D) $26 E) $28.50

Business

The entry 906 West Palm Street would be interpreted by Excel as a number

Indicate whether the statement is true or false

Business

Which of the following testing techniques is more commonly used by internal auditors than by independent auditors?

A. Test data. B. Controlled programs. C. Integrated test facilities. D. Tagging and tracing transactions.

Business