Which of the following statements is true of the financial plan? The financial plan provides a long-term basis for budgeting control. Outside investors require five years of projected financial data in the financial plan. The first year of the financial plan should reflect monthly data. The financial plan helps prevent the most common problem for new ventures - inventory control.

Income from foreign sales of American films accounts for more than __ of the movie industry's profits. 1) one-third 2) one-fourth 3) one-half 4) one-fifth

if an increase in the price of Good X causes a decrease in the demand for Good Y, we can conclude that: a. the price of Good Y will increase. b. Goods X and Y are normal goods. c. Goods X and Y are substitute goods. d. Goods X and Y are complement goods.

Which of the following would reduce the supply of microcomputers a. a technological improvement that lowers the cost of producing the computers b. higher wage rates for the workers that assemble the computers c. a reduction in the a reduction in the price of computer chips used to produce the computers d. a reduction in the price of computers

This refers to the total number of units that are purchased at that price. a. quantity b. quantity demanded c. supply d. market quantity

The MOST important factors affecting the rate of inflation are: A) expected inflation and the real growth rate. B) the unemployment rate and expected inflation. C) the real growth rate and the unemployment rate. D) fiscal policy effects and the presence of liquidity traps.

Pro forma cash flow is cash flow based on the actual cash on hand. calculated from subtracting assets from liabilities. cash flow calculated on past receipts and expenses. projected cash inflow and outflow.

A decrease in the interest rate will increase consumption spending. True False

Which of the following concepts refers to earnings from work or any investments? Income Personal property Wealth Power

Why do managers jointly set goals with the employee? It creates buy-in. To ensure the employee understands the goal. Employees set more challenging goals. Employees are committed to and work harder for the goals they help create. Employees need to know deadlines and expectations.

Which of the following items is most likely a short-term liability? A. Bonds payable B. Finance lease covering 30-year term C. Deferred income taxes D. Accounts payable