Deflation is an economic condition in which prices fall steadily throughout the economy
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Deflation is an economic condition in which prices fall steadily throughout the economy.
You might also like to view...
Which of the following are generally supplementary information required by GAAP concerning the accounting treatments used by a company?
a. A Year-End Worksheet b. Management's Discussion and Analysis c. The Report of Independent Accountants d. Notes to the Consolidated Financial Statements
Chavez Company is considering purchasing new equipment or overhauling its existing equipment. The manager has gathered the following information:
Required:1) Identify the sunk costs associated with this decision.2) Compute the increase or decrease in total income over the five-year period if the company chooses to buy the new equipment.3) Compute the increase or decrease in total income over the five-year period if the company chooses to overhaul its existing machinery.4) What is your recommendation for this decision?
What will be an ideal response?
McGill University's Prof. Mintzberg, writing about leaders and strategy, had observations which
A. "projected the past into the future." B. said strategic control systems fail to detect changes in consumer demand. C. encourage rigid planning and goal-setting processes. D. cast doubt on the value of rigid planning and goal-setting processes.
If Becky promises not to drink alcohol until she becomes a legal adult in exchange for Ben's promise of $1,000, the agreement is:
a. enforceable because Becky is giving up the right to do something she would otherwise be entitled to do. b. enforceable because the agreement accomplishes Ben's goal of keeping Becky from drinking. c. not enforceable because Becky does not have a legal right to drink alcohol. d. not enforceable because Becky is a minor and could disaffirm the contract.