Answer the following statement(s) true (T) or false (F)
1. The Haig-Simons definition of income is different from comprehensive income.
2. Comprehensive income equals consumption plus the change in net worth.
3. From 1950 to 2009, the federal government budget has been in balance in most years.
4. The high employment budget deficit implies that increases in economic activity will not eliminate the actual deficit.
5. Other things being equal, an increase in government borrowing is likely to increase interest rates.
1. False
2. True
3. False
4. True
5. True
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What is it called when companies focus on the things they do best and outsource other functions to key partners?
Fill in the blank(s) with the appropriate word(s).
Which one of the following entries includes the initial application of indirect labor to production?
a. Work in Process Inventory XX Overhead XX b. Overhead XX Work in Process Inventory XX c. Overhead XX Factory Payroll XX d. Factory Payroll XX Overhead XX
Marisol wants to know the best way to let the recipient of her application letter know that her résumé is included. Which of the following would you advise?
a. All that is necessary is an enclosure notation after the signature block. b. Include the following in the second half of the letter: "The enclosed résumé details my responsibilities as office manager at Carson Office Systems, a job that gave me the opportunity to experience some of the situations you described in your ad." c. Include the following sentence in the opening paragraph: "A résumé is attached that fully details each qualification I have acquired." d. Include as a final sentence: "See the enclosed résumé for further details."
The rate of which foreign direct investments exist is influenced by:
a. Global economy; policy uncertainty; and geopolitical risks b. Foreign disposable income; geopolitical risks and labor availability c. Global legislation; global economy and global market d. Global economy; geopolitical risk and international labor laws