Compounding refers to the
A. process of earning interest on both the principal and the interest of an investment.
B. internal rate of return a firm earns on an investment.
C. real interest return after taxes.
D. calculation of after tax interest returns.
Answer: A
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Discuss what you believe might be one of the disadvantages of using the Gini coefficient
What will be an ideal response?
Inventories include each of the following except
A) unsold finished goods. B) goods in process. C) raw materials held by firms. D) office equipment.
On a bar graph comparing a firm's economic profit with its accounting profit, it will always be TRUE that
A) explicit costs will be greater in the column representing accounting profit. B) explicit costs will be greater in the column representing economic profit. C) total revenue will be greater in the column depicting accounting profit. D) opportunity costs will be missing from the column depicting accounting profit.
In the prisoner's dilemma game:
A. a stable outcome is possible. B. only one player has a dominant strategy. C. a stable outcome is impossible. D. a commitment strategy is needed to reach a stable outcome.