BEC Quiz 20

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Question 1 of 1

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146534

300

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Investment spending is a major determinant of business cycles.

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146535

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If disposable income increases by $1.00 and $.60 is spent on consumer goods; the marginal propensity to consume is 40%.

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146536

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Inflation can affect aggregate demand.

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146537

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The International Standards for the Professional Practice of Internal Auditing are classified as "Attribute Standards" and "Performance Standards."

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146538

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In a pure monopoly; a single firm is the industry.

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146539

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Dodd‐Frank made it easier for public company whistleblowers to fight retaliation.

Select the correct answer(s).

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146540

300

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Which of the following is the least effective device for monitoring management behavior?

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146541

300

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Investment spending is negatively associated with the interest rate.

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146542

300

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Wilson Corporation has a major competitor that produces a product that is a close substitute for Wilson's good. If the coefficient of cross‐elasticity of demand for Wilson's product with respect to the competitor's product is 2.00 and the competitor decreases its price by 5%; what is the expected effect on demand for Wilson's product?

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146543

300

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Market structures include: Perfect Competition; Perfect Monopoly; Monopolistic Competition; Oligopoly; and Oligopolistic Competition.

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146544

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A change in demand for a commodity results from a change in a variable other than price and will result in a new demand curve.

Select the correct answer(s).

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146545

300

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The Performance Standards are organized around seven primary themes: (1) Managing the Internal Audit Activity; (2) Nature of Work; (3) Engagement Planning; (4) Performing the Engagement; (5) Communicating Results; (6) Monitoring Progress; and (7) Communicating the Acceptance of Risks.

Select the correct answer(s).

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146546

300

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According to the IIA International Standards for the Professional Practice of Internal Auditing; the internal audit charter should include all of the following except:

Select the correct answer(s).

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146547

300

none

BEC Quiz 20

Question 1 of 1

Time Left

Investment spending is a major determinant of business cycles.

Select the correct answer(s).

(0/0)

If disposable income increases by $1.00 and $.60 is spent on consumer goods; the marginal propensity to consume is 40%.

Select the correct answer(s).

(0/0)

Inflation can affect aggregate demand.

Select the correct answer(s).

(0/0)

The International Standards for the Professional Practice of Internal Auditing are classified as "Attribute Standards" and "Performance Standards."

Select the correct answer(s).

(0/0)

In a pure monopoly; a single firm is the industry.

Select the correct answer(s).

(0/0)

Dodd‐Frank made it easier for public company whistleblowers to fight retaliation.

Select the correct answer(s).

(0/0)

Which of the following is the least effective device for monitoring management behavior?

Select the correct answer(s).

(0/0)

Investment spending is negatively associated with the interest rate.

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

Market structures include: Perfect Competition; Perfect Monopoly; Monopolistic Competition; Oligopoly; and Oligopolistic Competition.

Select the correct answer(s).

(0/0)

A change in demand for a commodity results from a change in a variable other than price and will result in a new demand curve.

Select the correct answer(s).

(0/0)

The Performance Standards are organized around seven primary themes: (1) Managing the Internal Audit Activity; (2) Nature of Work; (3) Engagement Planning; (4) Performing the Engagement; (5) Communicating Results; (6) Monitoring Progress; and (7) Communicating the Acceptance of Risks.

Select the correct answer(s).

(0/0)

According to the IIA International Standards for the Professional Practice of Internal Auditing; the internal audit charter should include all of the following except:

Select the correct answer(s).

(0/0)

If the price for a good is fixed by government fiat below market equilibrium price; which one of the following will occur?

Select the correct answer(s).

(0/0)

A change in resource cost will change the aggregate supply curve.

Select the correct answer(s).

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