Under an international gold standard,

A) a nation sacrifices an independent monetary policy.
B) gold flows between nations would always promote macroeconomic stability.
C) exchange rates would fluctuate with changes in demand and supply.
D) balance of payments imbalances would be magnified.

The court determines the standard of care required and whether or not there was a failure to live up to that standard.

Tentafield Ltd has an after tax operating income of $2.6 million, assets totalling $8 million and current liabilities totalling $400 000. The weighted average cost of capital is 10 per cent. What is the economic value added?

A) $1 400 000
B) $1 800 000
C) $1 840 000
D) None of the given answers

Provide a definition for just-in-time inventory (JIT).

Carter sells consumer electronics. He knows his customers weigh the costs versus the benefits associated with the different options available. He decides which products to offer and what prices to charge based on the way his customers think. Carter operates as if he were in the ________ era.

A) production-oriented
B) sales-oriented
C) market-oriented
D) value-based marketing
E) retailing-oriented

____________ is the extent to which one accepts that power in institutions and organizations is distributed unequally.

During periods of inflation, the use of FIFO (rather than LIFO) as the method of accounting for inventories causes

A) higher reported sales.
B) higher incomes taxes.
C) lower ending inventory.
D) higher incomes taxes and lower ending inventory.
E) None of the options are correct.

If the elasticity of demand curve for buckwheat is 1.25 at all prices higher than the current price, we would expect that when bad weather reduces the size of the buckwheat crop, total revenue of buckwheat producers will fall.