In general, from 2001 through 2013, the dollar ________ in value relative to major foreign currencies
A) appreciated
B) depreciated
C) remained about the same
B
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In a pull system of production control, inventory is produced in anticipation of customer or work center demand
Indicate whether the statement is true or false
What is the role of information systems?
a. To develop needed information and get it to the right people b. To make sure all employees understand what’s going on in the organization c. To keep employees accountable for mistakes they may be making d. To develop annual reports for shareholders
Orlando opened a hot dog stand in Brooklyn which unfortunately did not earn him a profit. He had borrowed $5,000 from the bank to set it up, which had to be repaid to the bank in two days
However, Orlando's friend Bob agreed to partner with him starting the subsequent month. From which of the following sources can the bank recover its $5,000 with interest? A) Orlando's secondary financer B) Orlando's savings account C) Orlando's family D) Bob, Orlando's prospective business partner
Suppose a firm evaluates four independent investments using only capital budgeting techniques that consider the time value of money. Which of the following statements is correct?
A. The company should purchase the one project that has the highest internal rate of return (IRR). B. All of the capital budgeting techniques the company uses should provide the same accept/reject decisions. C. The company should purchase the project that has the shortest traditional payback period (PB). D. The company should purchase the one project that has the highest net present value (NPV); the other projects should not be purchased, even if their NPVs are positive. E. The capital budgeting techniques used by the company will always agree on which project should be ranked as the best one to purchase.