As the economy becomes more and more depressed, a company's management decides to slash spending on research and development. What is the likely effect of this action on net income? Net income will be
a. Lower this period and lower in future periods.
b. Higher this period and lower in future periods.
c. Lower this period and higher in future periods.
d. Higher this period and higher in future periods.
b
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In a two-period model, a household has an income of $20,000 in period one and an income of $25,000 in period two. The household faces an interest rate of 50 percent. What is the present value of the household's income if the income in period one increases to $30,000?
A. ?$39,000 B. ?$46,666.66 C. ?$40,555.65 D. ?$50,000
A _____ style is characterized by friendliness, empathy, and concern for meeting employees' needs
a) employee-oriented b) Supportive c) participative d) Directive
Acme Global has endeavored to drive out all unnecessary business expenses in their steel industry operations. Acme Global is likely following a _________ strategy.
A. niche B. cost leader C. focus leader D. differentiation E. price leader
A request letter does not need to contain background information for the reader
Indicate whether the statement is true or false