Successful financial intermediaries have higher earnings on their investments because they are better equipped than individuals to screen out good from bad risks, thereby reducing losses due to
A) moral hazard.
B) adverse selection.
C) bad luck.
D) financial panics.
B
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Social media should be used when you? _____________.
A. need a? permanent, unchangeable, or secure record B. want to encourage interactivity and feedback among users C. want to stand out from the flood of digital messages D. are legally required to provide information in printed form E. want to make a formal impression
When we describe our feelings and we are not judging the other person, which action are we taking?
A. displaying feelings B. “stuffing: feelings C. describing feelings D. numbing feelings
Correcting a journal entry that has not been posted is done:
a. only at the end of the month. b. by completely crossing out the error and writing the correction on the next available line. c. by writing over the incorrect entry. d. by crossing out the incorrect item with a single line and writing the correction above it. e. none of the above.
Murphy Construction Materials Company has a sales office that sells concrete culvert pipes to property developers
The sales office is a revenue center and prepares a monthly responsibility report. The partially completed responsibility report is provided. Revenue Center Responsibility Report Product Type Actual Sales Revenue Flexible Budget Variance U/F Flexible Budget Sales Volume Variance U/F Static Budget 40 inch $31,700 $30,750 $40,800 36 inch long 40,150 42,200 33,000 36 inch short 36,200 33,100 31,000 32 inch 19,100 20,000 28,400 The company uses management by exception to address flexible budget variances. On which product type would the company first focus? A) 40 inch B) 36 inch long C) 36 inch short D) 32 inch