The three key groups in the economic environment are
a. government, regulation, and business.
b. government, consultants, and business.
c. consumers, economists, and business.
d. consumers, business, and managers.
e. government, consumers, and business.
E
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Answer the following statements true (T) or false (F)
1.According to the product-life-cycle theory, the last stage of a product's trade cycle is when it becomes an import-competing good. 2.Ricardo's theory of comparative advantage is a static theory that does not consider changes in international competitiveness over the long run. 3.Dynamic comparative advantage refers to the creation of comparative advantage through the mobilization of skilled labor, technology, and capital. 4.Industrial policy seeks to direct resources to declining industries in which productivity is low, linkages to the rest of the economy are weak, and future competitiveness is remote. 5.Europe's jumbo-jet manufacturer, Airbus, has justified receiving governmental subsidies with the argument that the subsidies prevent the United States from becoming a monopoly in the jumbo-jet market.
Which data types are typically found in the accounting department?
A. Investment data, monetary data, reporting data. B. Promotion data, sales data, advertising data. C. Transactional data, purchasing data, payroll data, tax data. D. Employee data, promotion data, vacation data.
Which is a trait of excessive control?
A. trying to recoup “sunk costs” B. putting agreement ahead of good problem-solving C. combines high power with low visibility D. continuing in a failed course of action
What is the significance of the financial life cycle?
A) To help you to compare your situation with other people's situation B) To better understand how your financial needs will most likely change over time C) To allow you to be more proactive in dealing with expected changes in the future and take steps today to prepare for them D) To help you realize that your original plan is sufficient and doesn't need to change E) Both B and C are significant aspects of the financial life cycle.