What did a 2006 study estimate the potential annual impact of climate change on global GDP to be?
A) 2 percent increase
B) 1 percent decrease
C) 5 percent decrease
D) 8 percent decrease
E) 12 percent decrease
Answer: C
Explanation: C) Economist Nicholas Stern's report said a 5 percent decrease in global GDP would occur each year forever.
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When business travelers began to view Holiday Inn as outdated with old decor, the management team remodeled many properties and terminated contracts with proprietors that did not meet the new standards. This is an example of:
A) reinforcing the current image B) developing a new image C) rejuvenating an image D) changing an image
Which of the following items is treated as a cash equivalent?
a. Commercial paper with a 6-month maturity when purchased and 4 months until maturity at the balance sheet date. b. Investment in corporate stocks which management intends to sell within 3 months after the balance sheet date. c. Money market funds which can be obtained overnight from a bank or brokerage firm. d. Investments in corporate bonds which have 5 years until maturity when they are purchased.
A reversing entry would be used with which of the following accounts?
a. Wages Payable; b. Unearned Revenue; c. Supplies; d. Merchandise Inventory; e. Depreciation Expense.
The idea that people are cognitively limited, producing satisfactory rather than optimally rational decisions through satisficing is known as _____________.
a. Appeasement b. Delimited Rationality c. Bounded Rationality d. Grounding