The normal balance is a credit in a(n)
a. asset account; b. owner's equity
account; c. expense account; d. drawing account; e. none of these.
B
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Suppose an economy is producing an output above its full-employment level. To return the economy to long-run equilibrium, a(n) ____ monetary policy can be used, which would cause the price level to ____.
A. expansionary; increase B. expansionary; decline C. contractionary; decline D. contractionary; increase
Thom refused his employer's request to falsify the contents of a report to the Department of Labor. The employer subsequently discharged Thom for insubordination. In his wrongful discharge suit, Thom would be able to argue the ______ exception to at-will-employment?
A. equal employment B. public policy C. implied contract D. quasi-contractual obligation
Stephen wants to ensure that his goals for his department are relevant. According to the text, he should ask ______.
A. who else is doing this? B. when will it be completed? C. how does this fit in with the broader mission of the organization? D. how will we accomplish this?
Which of the following are two methods of analyzing capital investment proposals that both ignore present value?
A) Internal rate of return and average rate of return B) Net present value and average rate of return C) Internal rate of return and net present value D) Average rate of return and cash payback method