During an especially difficult year of weakening financial conditions, the government of Geriva, a European nation, borrows money to meet its financial obligations. However, once the borrowed amount reaches a certain limit, the government is not allowed to borrow more money.If this was to happen in the United States, it could be said thatthis is because the government has hit the _____.
A. fiscal cliff
B. reserve requirement
C. debt ceiling
D. price ceiling
Answer: C
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When two proprietors decide to combine their businesses, generally accepted accounting principles usually require that noncash assets be taken over at their
a. historical cost value as of the date of formation. b. fair market value as of the date of formation. c. book value as of the date of formation. d. residual value as of the date of formation.
Which step are you on in the procedure for conducting one-way analysis of variance if you are decomposing SSy into two components using the equation SSy = SSbetween + SSwithin?
A) decompose the total variation B) measure the effects C) test the significance D) interpret the results
Companies that adopt the principle of ethical relativism in providing ethical guidance to company personnel
A. may quickly find themselves on a slippery slope with no higher order moral compass if they operate in countries where ethical standards vary considerably from country to country. B. end up allowing each company employee to determine what set of ethical standards to observe. C. have no fair way to judge the ethical correctness of the conduct of company personnel. D. base their standards of what is ethical and what is unethical in the company's home market. E. have a one-size-fits-all set of ethical standards.
You should send congratulatory notes for major business achievements to suppliers and customers, but not to coworkers
Indicate whether the statement is true or false