The Fed’s loss function is another name for the Fed’s
A. expense ratio.
B. objective function.
C. inflation gap.
D. output gap.
Answer: B
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Partner A devotes full time and partner B devotes one-half time to their partnership. If the partnership agreement is silent concerning the division of net income, Partner A will receive a $20,000 share of a net income of $30,000
a. True b. False Indicate whether the statement is true or false
Although network television advertising is expensive, the cost per exposure is relatively low
Indicate whether the statement is true or false
Whether buyer-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of
A. how many buyers purchase all of their requirements from a single seller versus how many purchase from several sellers. B. whether industry members are spending more or less on advertising. C. the extent to which buyers can exercise enough bargaining power to influence the conditions of sale in their favor and whether strategic partnerships between certain industry members can adversely affect other industry members. D. the speed with which general economic conditions and interest rates are changing. E. the number of buyers versus the number of sellers.
Cost-volume-profit analysis is based on necessary assumptions. Which of the following is not one of these assumptions?
A. Relevant range includes all possible levels of activity that a company might experience. B. Costs can be classified as variable or fixed. C. Total fixed costs are held constant. D. A constant sales mix in a multiproduct company. E. Sales price and variable costs per unit of output remain constant as volume changes.