Which of the following statements is NOT CORRECT?
A. Any bond sold outside the country of the borrower is called an international bond.
B. Foreign bonds and Eurobonds are two important types of international bonds.
C. Foreign bonds are bonds sold by a foreign borrower but denominated in the currency of the country in which the issue is sold.
D. The term Eurobond applies only to foreign bonds denominated in U.S. currency.
E. A Eurodollar is a U.S. dollar deposited in a bank outside the U.S.
Answer: D
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A rise in income will cause consumer spending to
A. decline. B. not change. C. rise. D. fall at first, then rise later.
Prowse Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well ServicedRevenue $4,000Employee salaries and wages$43,800 $1,000Servicing materials $600Other expenses$38,200 ?A total of 42 wells were actually serviced during October.?The revenue in the company's flexible budget for October would have been closest to:
A. $168,000 B. $170,400 C. $148,000 D. $150,114
The beginning inventory costs and the product costs of the current period are combined to determine the average cost of equivalent units of production under the ________.
A) equivalent units method B) conversion costs method C) first-in, first-out method D) weighted-average method
Generally speaking, a manager spends ______ of his time communicating.
A. 55% B. 65% C. 75% D. 85%