A rise in the general level of prices over time is called ________
A) deflation
B) inflation
C) disinflation
D) deflection
E) equilibrium
B
Explanation: B) Inflation is a rise in the general level of prices over time. Deflation is a decrease in general level of prices over time. Disinflation is a decrease in the rate of inflation over time. Deflection is not an economic term. Equilibrium is when need and availability for an item are in balance.
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The process of allocating the historical cost of certain assets to the periods of their use in a reasonably systematic manner is referred to as ____________________
Fill in the blank(s) with correct word
A firm wants to be publicly listed on the NASDAQ. What is required for this from an ethics standpoint?
a. Have a code of ethics for upper management. b. Have a publicly available code of ethics for all employees and management. c. Publicly list the incidences and outcomes of ethics abuse lawsuits. d. Have a publicly available code of conduct for all employees.
The main function of vertical reports is to contribute to management control
Indicate whether the statement is true or false
Which of the following is NOT a commerce restriction?
a. taxes b. tariffs c. price d. quotas