BEC Quiz 16

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Question 1 of 1

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146432

300

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The full‐employment gross domestic product is $1.3 trillion; and the actual gross domestic product is $1.2 trillion. The marginal propensity to consume is 0.8. When inflation is ignored; what increase in government expenditures is necessary to produce full employment?

Select the correct answer(s).

(0/0)

146433

300

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Which one of the following would not cause an increase in demand for a commodity?

Select the correct answer(s).

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146434

300

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According to the 17 COSO control principles; organizational objectives primarily relate to which fundamental component of internal control:

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(0/0)

146435

300

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An organizational commitment to integrity and ethical values is primarily the board of director's responsibility.

Select the correct answer(s).

(0/0)

146436

300

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Attribute Standards require the chief audit executive to confirm to the board the organizational independence of the internal audit activity at least annually.

Select the correct answer(s).

(0/0)

146437

300

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Nominal gross domestic product is a measure of the market value of all final goods and services produced FOR EXCHANGE in the domestic economy during a year.

Select the correct answer(s).

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146438

300

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The M1 measurement of money includes checking accounts.

Select the correct answer(s).

(0/0)

146439

300

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To address the problem of a recession; the Federal Reserve Bank most likely would take which of the following actions?

Select the correct answer(s).

(0/0)

146440

300

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The controller of Gray; Inc. has decided to use ratio analysis to analyze business cycles for the past two years in an effort to identify seasonal patterns. Which of the following formulas should be used to compute percentage changes for account balances for year 1 to year 2?

Select the correct answer(s).

(0/0)

146441

300

none

Platinum Co. has a receivable due in 30 days for 30;000 euros. The treasurer is concerned that the value of the euro relative to the dollar will drop before the payment is received. What should Platinum do to reduce the risk?

Select the correct answer(s).

(0/0)

146424

300

none

A demand schedule shows the relationship between the quantity demanded of a commodity (over a period of time) and the income of consumers.

Select the correct answer(s).

(0/0)

146425

300

none

Which of the following is true about the Sarbanes-Oxley requirements regarding the audit committee financial expert?

Select the correct answer(s).

(0/0)

146426

300

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Losses that are a surprise may be evidence of poor ERM.

Select the correct answer(s).

(0/0)

146427

300

none

In which of the following market structures are firms most likely to avoid price competition for fear of creating a "price war"?

Select the correct answer(s).

(0/0)

146428

300

none

BEC Quiz 16

Question 1 of 1

Time Left

The full‐employment gross domestic product is $1.3 trillion; and the actual gross domestic product is $1.2 trillion. The marginal propensity to consume is 0.8. When inflation is ignored; what increase in government expenditures is necessary to produce full employment?

Select the correct answer(s).

(0/0)

Which one of the following would not cause an increase in demand for a commodity?

Select the correct answer(s).

(0/0)

According to the 17 COSO control principles; organizational objectives primarily relate to which fundamental component of internal control:

Select the correct answer(s).

(0/0)

An organizational commitment to integrity and ethical values is primarily the board of director's responsibility.

Select the correct answer(s).

(0/0)

Attribute Standards require the chief audit executive to confirm to the board the organizational independence of the internal audit activity at least annually.

Select the correct answer(s).

(0/0)

Nominal gross domestic product is a measure of the market value of all final goods and services produced FOR EXCHANGE in the domestic economy during a year.

Select the correct answer(s).

(0/0)

The M1 measurement of money includes checking accounts.

Select the correct answer(s).

(0/0)

To address the problem of a recession; the Federal Reserve Bank most likely would take which of the following actions?

Select the correct answer(s).

(0/0)

The controller of Gray; Inc. has decided to use ratio analysis to analyze business cycles for the past two years in an effort to identify seasonal patterns. Which of the following formulas should be used to compute percentage changes for account balances for year 1 to year 2?

Select the correct answer(s).

(0/0)

Platinum Co. has a receivable due in 30 days for 30;000 euros. The treasurer is concerned that the value of the euro relative to the dollar will drop before the payment is received. What should Platinum do to reduce the risk?

Select the correct answer(s).

(0/0)

A demand schedule shows the relationship between the quantity demanded of a commodity (over a period of time) and the income of consumers.

Select the correct answer(s).

(0/0)

Which of the following is true about the Sarbanes-Oxley requirements regarding the audit committee financial expert?

Select the correct answer(s).

(0/0)

Losses that are a surprise may be evidence of poor ERM.

Select the correct answer(s).

(0/0)

In which of the following market structures are firms most likely to avoid price competition for fear of creating a "price war"?

Select the correct answer(s).

(0/0)

Demand is inelastic if the percentage increase in quantity exceeds the percentage decrease in price.

Select the correct answer(s).

(0/0)

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