BEC Quiz 21

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Question 1 of 1

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146563

300

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An increase in the price of Commodity Y from $50 to $60 resulted in an increase in the quantity supplied; from 80 units to 88 units. Which one of the following is the price elasticity of supply?

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146564

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In the COSO "cube" model; this component of internal control enables an organization's people to identify; process; and exchange the information needed to manage and control operations.

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146565

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Which one of the following statements regarding periods of analysis is correct?

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146566

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A good produced in Year 1 that was in the finished goods inventory on December 31; Year 1; and was sold in January Year 2 would be included in whole or in part in the GDP of which year(s)?

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146567

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In a macroeconomic free‐market flow model; the amount of individual income not spent on domestic consumption is called "leakages."

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146568

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Which of the following theoretical aggregate supply curves has a "kink" at the level of output at which there is full employment?

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146569

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Measures of the economic activity of an entire nation would be included in the study of

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146570

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The "mandatory" guidance in the IIA's Professional Practices Framework is comprised of Implementation Guidance and Supplemental Guidance.

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146571

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An important benefit of an enterprise risk management system is

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146572

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Standard 2100; "Nature of Work;" addresses the internal auditors' responsibilities for properly planning and performing an internal audit engagement.

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146573

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The free‐market economy flow model depicts four major interrelated flows: I . Individuals provide economic resources to business firms. II. Firms provide payment to individuals for economic resources. III. Firms provide goods and services to individuals. IV. Individuals provide payment to firms for goods and services. If financial institutions and businesses suddenly and severely restrict the availability of consumer credit; which one of the above flows would be most likely to be the first to be impacted adversely?

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146574

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By reducing the discount rate; the Federal Reserve encourages banks to borrow from the Federal Reserve Banks.

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(0/0)

146575

300

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The Federal Reserve System imposes a reserve requirement on banks' ability to issue check‐writing deposits.

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(0/0)

146576

300

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A period of rising inflation

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(0/0)

146577

300

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The local video store’s business increased by 12% after the movie theater raised its prices from $6.50 to $7.00. Thus; relative to movie theater admissions; videos are

BEC Quiz 21

Question 1 of 1

Time Left

An increase in the price of Commodity Y from $50 to $60 resulted in an increase in the quantity supplied; from 80 units to 88 units. Which one of the following is the price elasticity of supply?

Select the correct answer(s).

(0/0)

In the COSO "cube" model; this component of internal control enables an organization's people to identify; process; and exchange the information needed to manage and control operations.

Select the correct answer(s).

(0/0)

Which one of the following statements regarding periods of analysis is correct?

Select the correct answer(s).

(0/0)

A good produced in Year 1 that was in the finished goods inventory on December 31; Year 1; and was sold in January Year 2 would be included in whole or in part in the GDP of which year(s)?

Select the correct answer(s).

(0/0)

In a macroeconomic free‐market flow model; the amount of individual income not spent on domestic consumption is called "leakages."

Select the correct answer(s).

(0/0)

Which of the following theoretical aggregate supply curves has a "kink" at the level of output at which there is full employment?

Select the correct answer(s).

(0/0)

Measures of the economic activity of an entire nation would be included in the study of

Select the correct answer(s).

(0/0)

The "mandatory" guidance in the IIA's Professional Practices Framework is comprised of Implementation Guidance and Supplemental Guidance.

Select the correct answer(s).

(0/0)

An important benefit of an enterprise risk management system is

Select the correct answer(s).

(0/0)

Standard 2100; "Nature of Work;" addresses the internal auditors' responsibilities for properly planning and performing an internal audit engagement.

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

By reducing the discount rate; the Federal Reserve encourages banks to borrow from the Federal Reserve Banks.

Select the correct answer(s).

(0/0)

The Federal Reserve System imposes a reserve requirement on banks' ability to issue check‐writing deposits.

Select the correct answer(s).

(0/0)

A period of rising inflation

Select the correct answer(s).

(0/0)

The local video store’s business increased by 12% after the movie theater raised its prices from $6.50 to $7.00. Thus; relative to movie theater admissions; videos are

Select the correct answer(s).

(0/0)

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