The concept of ________ ethics is that the rightness of the action is based on one's own conscience and moral standards.
Fill in the blank(s) with the appropriate word(s).
personalistic
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With a 2013 GNI per capita of $1,570, India has transitioned out of the low-income category and is now classified as an upper-middle-income country, also known as an industrializing or developing country
Indicate whether the statement is true or false
The Income Summary account is a permanent account that will be carried forward period after period.
Answer the following statement true (T) or false (F)
The 20th century political economist, Friedrich von Hayek first used the term ______……………… to refer to the kind of specialised local knowledge that an entrepreneur might use from day to day in order to secure a profit. Hayek contrasted this with the ______…………………. used in economics; an example of this would be the correlation between R&D spillovers and economic growth, which has no immediate practical implications for entrepreneurial practice.
Complete the following sentence by choosing the appropriate phrase for each gap.
Which of the following is not a characteristic of certificate of deposit (CDs)?
A) You pay a penalty for early redemption. B) You "lock in" (are guaranteed) the stated interest if you hold the CD until maturity. C) They are preferred over money market deposits if you expect interest rates to fall. D) They have a minimum maturity of three years.