One Friday a few years ago, the Big Mac Index suggested that the yen was overvalued relative to the dollar by 70%
When currency markets opened on the following Monday, anyone using the Big Mac Index would conclude that the yen was only 20% overvalued relative to the dollar. What is the most likely explanation for this?
A) Japan's Central Bank acted to prop up the yen.
B) Inflation in Japan suddenly spiked upward.
C) McDonald's headquarters stopped hedging.
D) McDonald's Japan reduced the yen price of a Big Mac.
E) McDonald's Japan increased the yen price of a Big Mac.
D
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Lockbox arrangements for the collection of cash have which of the following advantages?
a. The manual processing associated with maintaining control of the receipts is now shifted to a computer. b. Cash is deposited directly into the bank. c. The bank usually establishes only one lockbox geographically next to the client to minimize delay in collections. d. Eliminates the customer decision for the due date of payment.
Barrett files a suit against City Moving Service for breach of contract, based on what Barrett claims was City Moving's offer. For a court to de¬termine if a contract has been breached, under the common law, the offer must include terms that are
a. exactly precise. b. reasonably definite. c. unequivocally approximate. d. vague or uncertain.
Which of the following variables in the marketing mix is the easiest to change rapidly?
A) promotion B) place C) price D) product
If a company's operating cycle is much longer than its average payment period for suppliers, it creates the need to borrow money to fund its inventories and accounts receivable.
Answer the following statement true (T) or false (F)