According to John Kenneth Galbraith, the theory of consumer demand is based on the following broad assumption(s): I. Socialism will work in all societies because consumers are willing to share their wealth. II. The urgency of wants does not diminish as more of them are satisfied. III. Wants originate in the personality of the consumer
a. I only
b. I and II
c. III only
d. II and III
D
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a. True b. False
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Environmental scanning provides the firm with information about world opportunities and threats.
Answer the following statement true (T) or false (F)
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Social Security benefits
A) are not subject to income taxes. B) are 100% taxable. C) may be partially taxable depending on your other income. D) are taxable only for those less than age 70.
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The most popular alternative to NPV for capital budgeting decisions is the ________ method
A) internal rate of return (IRR) B) payback period C) discounted payback period D) profitability index
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