A bill is introduced into Congress proposing that the U.S. go back to the gold standard, in which only gold coins could circulate as money. What are the major drawbacks of such a proposal?
What will be an ideal response?
The major drawbacks are that the government would need to spend resources digging up gold from the ground to create money (whereas fiat money can be produced at a much lower cost) and the value of money would fluctuate with the worldwide price of gold, which would likely lead to substantial periods of inflation and deflation.
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A marketer using information for a company's database of customer information such as previous inquiries, transactions, and servers is using a(n) ________
A) house file B) PURL C) ROI D) outside list E) inside sale
Under international accounting standards, if a sale-leaseback results in an operating lease then
a. any profit on the original sale is deferred and recognized over the life of the subsequent lease. b. any profit on the original sale is not recognized in the financial statements. c. any profit on the original sale is deferred and recognized over the life of the leased asset. d. assuming the original sale was clearly at fair value, any profit is recognized immediately even when the leaseback results in an operating lease.
Where did the United States rank among the world’s nations in Transparency International’s annual Corruption Perceptions Index in 2016?
a. 5th b. 10th c. 18th d. 34th
A criticism of the bureaucratic approach to management is that
A. production tasks were reduced to routine procedures which led to boredom. B. job-related factors were ignored by emphasizing only money. C. the economic aspects of the workplace are overemphasized. D. the concept that a happy worker is a productive worker is too simplistic. E. once established, it is very difficult to dismantle such an organizational structure.