During the 2008-2009 financial crisis, the dollar ________ in real terms. After the crisis ended, the dollar ________ in real terms.
A. appreciated slightly; appreciated
B. depreciated slightly; depreciated
C. appreciated sharply; depreciated
D. depreciated sharply; appreciated
Answer: C
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The master budget begins with the ________ budget
a. sales b. production c. direct labor cost d. direct material purchase
A report that provides a written description of how an organization can meet the needs of another organization by providing products, services, or solutions to problems is what kind of report?
a. Functional b. Proposal c. Internal d. Periodic
Cal sprayed pesticide on his crops in a very careful manner on a windless day. Nevertheless, some of the pesticide spray fell on his neighbor's side of the fence and contaminated the cracked corn for the chickens. The chickens died and the neighbor sues. What is the likely result?
a. Cal is not liable because he was not negligent in his spraying operation. b. Cal is not liable because the neighbor assumed the risk of damage to the feed by placing it so close to the fence. c. Cal is liable because spraying pesticides is an abnormally dangerous activity. d. Cal is not liable for the damage because of contributory negligence.
The seller may resell the goods identified to a contract:
a. only at a public sale. b. only if the goods are sold as a unit. c. at a public or private sale. d. only if the goods are perishable.