The cost of money is above all else a function of:

A) interest rates.
B) risk.
C) exchange rates.
D) rate of return.


B) risk.

Business

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Richard wants to know how his company handles late lunches but does not want to ask anyone. Instead, he watches others take late lunches and observes the manager’s reaction. Richard is

a. using surveillance. b. observing. c. spying. d. indirectly questioning.

Business

Arnold Furniture Company produced 4,00 . chairs in July. The manufacturing costs were: Direct materials $25,000 Direct labor 11,000 Factory overhead 12,000 Selling expense 5,000 Administrative expense 6,000 The cost per tent is:

a. $14.75. b. $12.00. c. $9.00. d. $6.25.

Business

The percentage of people dying without a will is approximately

a. 5%. b. 25%. c. 65%. d. 90%.

Business

The system of accounting in which every transaction affects at least two accounts is called the double-entry system

Indicate whether the statement is true or false

Business