What are the three major components of the official reserves account?
A) foreign exchange reserves, gold, and IMF-related reserve assets
B) foreign exchange reserves, foreign government bonds, gold
C) IMF-related reserve assets, gold, and U.S. Dollars
D) gold, IMF-related reserves assets, and government-owned land
Answer: A
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Which of the following occurs when managers give performance ratings that tend to be average?
A. central tendency error B. unbiased C. punitive D. leniency
Neiman-Marcus is a retailer with whom many small manufacturers would like to be associated. Distribution with Neiman-Marcus will increase the prestige of a smaller brand. The source of Neiman-Marcus's power is its
A. economic influence. B. legitimate rights through contracts. C. sought-after identification with a particular channel member. D. expertise. E. longevity as an upscale retailer.
Worthington Inc. is considering a project that has the following cash flow data. What is the project's payback? Year0 1 2 3 Cash flows?$500 $150 $200 $300
A. 2.03 years B. 2.25 years C. 2.50 years D. 2.75 years E. 3.03 years
The ratio that measures the amount of value each remaining dollar in the budget must earn to stay within the budget is the ________.
Fill in the blank(s) with the appropriate word(s).