Which of the following is not a primary reason why many people hold cash?
A)
To undertake transactions
B)
To avoid credit
C)
To have an emergency reserve
D)
To have a store of value
B
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Countries undergoing marketization that all had been called transition economies in the late 1980s and 1990s have diverged from one another quite substantially but all contain some vestiges of ______.
A. state socialism B. capitalism C. economic transition D. marketization
Use the information in Table 5.1. Using the traditional method, what is the optimal product mix (consider variable costs only–overhead is not included in this profit calculation)?
A) 71 A, 80B, 80C, 80 D B) 80A, 72B, 80C, 80D C) 80A, 80B, 60C, 80D D) 80A, 80B, 80C, 70D
Alpha Company bought inventory from Omega Company, FOB shipping point. On December 31, the last day of the accounting year, the goods were on a truck owned by Theta, Inc., exactly halfway between Alpha and Omega. Which company should include these goods in its December 31 inventory?
A. Omega B. Theta C. Alpha D. Alpha and Omega should each include half of the goods in inventory.
Evertz Metals buys and stockpiles $4,000,000 worth of dolomite to use in its smelting processes. How is this inventory cost best categorized?
A) an acquisition cost B) a carrying cost C) an order cost D) a holding cost