Advice on taxes, accounting or management information systems, and business strategies are commonly referred to as ________ services
A) accounting audit
B) management advisory
C) seller
D) managing underwriter
B
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A federal government deficit is said to exist in the event that ________
A) federal outlays are less than federal revenues B) federal outlays are equal to federal revenues C) federal outlays are greater than federal revenues D) any of the above conditions exists
The chief economist of the country of Elbonia has predicted that the new policies adopted by the government will lead to higher economic growth accompanied by lower rates of inflation. The currency of Elbonia is expected to: a. weaken
b. appreciate. c. depreciate. d. devaluate.
Checks are cleared internationally by:
a. First, converting them into the home currency, and then sending them to the appropriate government office (e.g., the Department of Treasury). b. Sending them to correspondent banks in the home-currency country and then clearing them through normal channels. c. Sending them to correspondent banks in the home-currency country and then clearing them through "FITS" (i.e., the Foreign International Transfer Service). d. Actually, checks are not cleared internationally. Rather, they are cleared in the country in which they are deposited. e. Sending them to foreign central banks, where they are kept until the end of the year and then settled in bulk with foreign central banks.
The highest-valued alternative that is given up or sacrificed when choosing to produce or consume one good over another is referred to as _____________.
a. an economic choice b. an opportunity cost c. an accounting cost d. a fixed cost e. a variable cost