In the context of the business cycle, which of the following statements is true of the period of economic contraction?
A. Consumers shift their buying patterns to more basic products.
B. The dropping prices increase the sales of luxury goods and services.
C. Businesses start producing more goods to support the economy.
D. The economic feel-good factor brings in a lot of investment.
Answer: A
You might also like to view...
Firms use this method when management and the governing board do not intend to reissue shares within a reasonable amount of time or when jurisdiction-specific corporation laws define reacquired shares as retired shares
a. cost method, only. b. par value method, only. c. constructive retirement method, only. d. cost, par value, and constructive retirement methods. e. none of the above
Describe the three common techniques for overcoming objections.
What will be an ideal response?
A stock price is $85.00. Assume r = 0.07 and there is no dividend. What is the 6-month forward price?
A) $88.03 B) $89.16 C) $90.26 D) $92.33
If a small plumbing company is installing a TQM program, management should be aware that
A. quality must become a very important goal of the entire business. B. ISO 9000 will be the controlling criterion. C. costs cannot be allowed to limit quality goals. D. acceptance sampling may be necessary.