Changes in the quality of a good

A) do not present a problem in the construction of the consumer price index.
B) present a problem in the construction of the consumer price index, and that problem is sometimes referred to as substitution bias.
C) are not accounted for, as a matter of policy, by the Bureau of Labor Statistics.
D) can lead to either an increase or a decrease in the value of a dollar.

Collecting receivables faster will shorten the cash cycle.

An increasing-cost industry is associated with:

A) a perfectly elastic long-run supply curve.
B) an upsloping long-run supply curve.
C) a perfectly inelastic long-run supply curve.
D) an upsloping long-run demand curve.

Which source of resistance to change arises when only a small number of departments apply the change rather than the whole organization?

A) structural inertia
B) group inertia
C) limited focus of change
D) threat to expertise

If an asset is exchanged for a similar asset, a gain results:

A) when the book value of the old asset is greater than what is received for the trade-in allowance.
B) when the book value of the old asset is less than what is received for the trade-in allowance.
C) when the accumulated depreciation equals the cost of the old asset.
D) None of the above answers are correct.

As flexibility is increased,

A) the marginal benefit of additional flexibility is decreased.
B) the marginal benefit of additional flexibility is increased.
C) the total cost of flexibility is decreased.
D) the total flexibility is decreased.