Another name for the monetary base is
A. commodity money.
B. fiat money.
C. high-powered money.
D. bank reserves.
Answer: C
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Which of the following statements about absorption costing and variable costing is true?
a. Sales minus variable cost of goods sold equals contribution margin. b. Absorption costing treats fixed overhead as a period cost. c. GAAP requires that variable costs be used for external reporting. d. Variable costing treats fixed overhead as a product cost.
Considering nonfinancial and financial goals, we can say
A) nonfinancial goals have no connection to financial goals. B) the most important financial goal is often considered financial independence. C) the most important financial goal is increasing our rate of savings. D) setting goals is unrealistic in a changing economic environment.
The main duties of financial managers are:
A) assessing the current business situation and future financing needs. B) developing long-term financing strategies. C) assessing future investments. D) All of the above.
Under the Lanham Act, the FTC may sue advertisers for damages for deceptive ads
a. True b. False Indicate whether the statement is true or false