When the price of one commodity is the same wherever in the world the good is being sold when denominated in a particular currency, it is said the Law of ________ prevails
A) currency supply
B) currency demand
C) purchasing power parity
D) one price
Answer: D
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If assets are $111,000 and liabilities are $38,000, then equity equals:
A. $73,000. B. 111,000. C. $149,000. D. $38,000. E. $260,000.
Par value is the minimum cushion of capital established for the protection of
a. investors (stockholders). b. management. c. creditors. d. all of these.
Some investors decided to start an insurance company. Each investor contributed $50,000 to raise the capital required to charter a new company. Each investor received an ownership interest in the company
The company will raise additional capital by selling ownership rights to other investors. Under this type of organization, the customer and owner functions are separate. This type of insurer is called a A) stock company. B) reciprocal exchange. C) fraternal company. D) mutual company.
Improving ROI is a balancing act that requires all the skills of an effective manager.
Answer the following statement true (T) or false (F)