Mortgage Payable:

A) has a debit balance.
B) has a credit balance.
C) shows the amount expected to be paid within the current period.
D) is an unsecured loan.

The price index for a market basket of goods can be found by

A) dividing the value of the market basket by the rate of inflation.
B) multiplying the base-year cost of the basket by the current-year cost of the basket divided by 100.
C) dividing the current-year value of the market basket by the base-year value of the basket and multiplying the result by 100.
D) multiplying the value of the market basket by the rate of inflation.

Most catastrophes can be predicted and prepared for.

Goal setting is a process designed to increase ____ and ____ by specifying desired outcomes toward which individuals,teams,departments,and organizations should strive.

A) efficiency;effectiveness
B) authority;responsibility
C) legitimacy;satisfaction
D) clarity;structure

When a firm adds physical capital,its fixed cost will decrease in the short run.

Households are net users of funds,while businesses are net savers.