Output price risk is:
A) when a change in the commodity market unfavorably affects the price at which a firm can buy their raw materials
B) when a change in the commodity market unfavorably affects the price at which a firm can sell their products
C) taking two positions whose gains and losses will offset each other
D) when a company sells its products abroad and there is an unfavorable exchange rate movement
B
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Give three examples of probing questions that could be asked by someone selling new cars. Students' answers will vary based on their creativity. Examples include "What kind of car do you picture yourself driving?" "How do you plan to use the car?" "What kind of sacrifices are you willing to make so that your car will not add to pollution problems?" "What kinds of cars do your family and friends drive?" "What made you think you might want to own this model of car?"
What will be an ideal response?
The person who holds the legal title to a property in a trust is known as the:
a. leader b. executive c. magnate d. majordomo e. none of the other choices are correct
Which of the following statements is not correct?
a. Measures of central tendency determined from frequency distributions will only be approximations of the actual values. b. Measures of dispersion determined from frequency distributions will only be approximations of the actual values. c. In grouped data, each observation is given the value of its classification's mid-point. d. When data are grouped, the value of each individual observation is lost. e. All of the above statements are correct.
Vanessa owns a houseboat on Lake Las Vegas that she personally uses for 25 days out of the year and rents for 280 days. For tax purposes, the houseboat is classified as
A. property that is treated as a hobby, not allowing any deductions. B. a combination of the taxpayer's residence and rental property. The deduction for expenses is limited to the amount of income generated by the property. C. rental property. Expenses in excess of income may be deducted although net income or loss is subject to the passive activity rules. D. neither a residence nor rental property. Because it is rented a nominal number of personal-use days, both revenue and expenses (other than those otherwise allowable) are ignored.