What is the real interest rate given a nominal rate of 8.9% and an inflation rate of 1.9%?
A) 6.9%
B) 8.2%
C) 9.6%
D) 11.0%
Answer: A
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A live theatre performance cannot be touched like a physical object, but is still considered a product. To a marketer, this is an example of a(n) ________.
A. value B. production C. service D. utility E. idea
Which of the following methods reports literal cash flows related to income statement classifications?
a. The indirect method b. The direct method c. Both a and b. d. None of the above
Which of the following statements is false with respect to modified accrual accounting?
A. Expenditures for claims and judgments, compensated absences, pensions and landfill closure and postclosure care costs of governmental funds should be recognized to the extent that the liabilities are going to be paid with available resources. B. Debt service expenditures for principal and interest are recorded when due. This means that debt service expenditures are not accrued, but are recognized and fund liabilities are recorded on the maturity date. C. Many expenditures are accrued, even in governmental funds. D. Generally, expenditures are recorded and fund liabilities are recognized when goods and services are received, but only to the extent that there are resources available in the fund.
Strategic approaches to set a company apart from rivals and achieve a sustainable competitive advantage are not likely to include
A. outcompeting rivals on the basis of differentiating features that will appeal to a broad spectrum of buyers. B. striving to be the industry's high-price provider. C. striving to be the industry's low-cost provider. D. focusing on a narrow market niche and serving buyers' special needs and tastes. E. developing a best-cost provider strategy that gives customers more value for the money.