Answer the following statement(s) true (T) or false (F)
1. In socialism, government planning, rather than the market, coordinates economic activity.
2. Democracy is an economic system based on private ownership of property.
3. In communism, basic industries are owned by the government, but small-scale enterprises can be privately owned.
4. The United States is an example of a pure capitalist nation.
5. In the U.S. economy, when there is excess demand for something, the price goes down.
1. TRUE
2. FALSE
3. FALSE
4. FALSE
5. FALSE
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In increasingly fast-paced markets, price and technology are not enough
________ is the factor that will often give a company its competitive edge and is defined as the totality of features that affect how a product looks, feels, and functions in terms of customer requirements. A) Conformance B) Design C) Performance D) Reliability E) Style
A tracking signal greater than zero and a mean absolute deviation greater than zero imply that the forecast has:
A) no bias and no variability of forecast error. B) a nonzero amount of bias and a nonzero amount of forecast error variability. C) no bias and a nonzero amount of forecast error variability. D) a nonzero amount of bias and no variability of forecast error.
In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $21,000 and ending work in process inventory of $27,000. During the month, $244,000 of costs were added to production and the cost of units transferred out from the department was $238,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be:
A. $509,000 B. $265,000 C. $530,000 D. $48,000
Which of the following are key inputs to determining the intrinsic value of an asset? I. the required rate of return II. future cash flows III. current stock price IV. timing of future cash flows
A) I and II only B) I and III only C) I, II and IV only D) II, III and IV only