Because ____________ consumer expenditures eliminate differences in relative prices, marketers use these data to analyze how the composition of consumption changes with the level of development.
A. PPP-based
B. growth adjusted
C. inflation-free
D. historical-cost
E. normalized
Answer: A
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Which of the following is not a common test of control for marketable securities?
a. Review the minutes of the board meetings. b. Review broker's advice for accurate recording of security c. Inquire of management about its process for reclassifications. d. Review reports of internal audits.
On January 2, Froxel Company purchased 10,000 shares of Sandia Corp. common stock at $19 per share plus a $3,000 commission. This represents 30% of Sandia Corp.'s outstanding stock. On August 6, Sandia Corp. declared and paid cash dividends of $1.75 per share, and on December 31 it reported net income of $150,000. Prepare the necessary entries for Froxel to account for these transactions and events.
What will be an ideal response?
The ______ approach is a concept that assumes that opportunities exist independent of entrepreneurs and are waiting to be discovered.
a. mountain b. idea location c. finding d. searching
Which of the following statements is accurate regarding a condition?
a. A condition is created only when the phrase "provided that" or a similar phrase introduces it. b. A condition is an event that must occur before a party becomes obligated under a contract. c. A condition must be expressly stated in order to be enforced. d. A condition will not be enforced by the courts unless formal language is used, regardless of the intent of the parties to create a condition.