Mineral Products Corporation, which owns no land, has a right to mine the copper from Natural Resource Company's land. Mineral's right is
A. a leasehold estate.
B. a license.
C. an easement.
D. a profit.
Answer: D
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Suppose the economy is thought to be 1 percent below its potential output (i.e., the output gap is ?1 percent). The potential output is growing at 4% a year. Suppose the Fed is following the Taylor rule, with an inflation rate of 4 percent over the past year. The equilibrium real fed funds rate is 3 percent, the weight on the output gap is 0.75 and the weigh on the inflation gap is 0.25. The inflation target is 1 percent. What should the federal funds rate be?
A. 7 percent B. 8 percent C. 9 percent D. 10 percent
In the ethical-decision making process, moral imagination is used by decision makers while ________.
A. considering the available alternatives B. identifying the ethical issues involved C. determining the facts of the situation D. identifying the stakeholders
The government affairs function of public relations deals with ________
A) customers who want sales information B) officials at the local, state, and federal levels C) investors who want information about the annual meeting D) behavioral beliefs
The accounting for fair value hedges is similar under both U.S. GAAP and IFRS. Which of the following is/are true?
a. Firms remeasure both the hedged item and the related derivative instrument (the hedging instrument) to fair value each period. b. Firms remeasure both the hedged item and the related derivative instrument (the hedging instrument) to recognize gains and losses from changes in the fair value of both in net income. c. If the hedge is fully effective, the gain (loss) on the derivative will precisely offset the loss (gain) on the asset or liability hedged. The net effect on earnings is zero. d. If the hedge is not fully effective, the net gain or loss increases or decreases earnings to the degree the offset is incomplete. e. all of the above