Exchange rates, inflation, and education level of the workforce are examples of which of the following environmental factors?
A. Cultural
B. Economic
C. Security
D. Legal/political
E. Infrastructure
Answer: B
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The cost-volume-profit graph
A) plots three separate lines. B) plots the total revenue line and the total cost line. C) the vertical axis is measured in units sold and the horizontal axis in dollars. D) all the answers are correct.
A formal rulemaking by an administrative agency is appropriate when an agency's enabling legislation ________
A) or other congressional directives do not require another form B) states that all rules must be enacted by the agency as part of a formal hearing process that includes a complete transcript C) or other congressional directives state that the agency must promulgate regulations D) provides an opportunity for all interested parties to submit written comments
Which one of the following methods considers the time value of money in evaluating alternative capital expenditures?
A. Accounting rate of return. B. Return on average investment. C. Cash flow method. D. Payback period. E. Net present value.
An instrument is payable to order if it is payable:
a. to the order of an identified person. b. to an identified person or order. c. Both of these. d. Neither of these.