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| The 4 major responsibilities of the Fed |
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Definition
Control Monetary Policy
Regulate Financial istitutions
regulate the checking account procedures
supervise insurance programs |
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| analyzes financial documents in search of fraudulent entries or financial misconduct. |
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| Return on assets and return on equity are examples of which type of ratio? |
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| An accounting term that is synonymous with net income is |
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Definition
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| Profitability ratios are used to measure |
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Definition
| how much income (net or operating) a firm generates relative to its assets, equity, and sales |
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| The financial statement that explains how a firm's cash changed from the beginning of the accounting period to the end is called the |
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Definition
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| The Federal Reserve System is responsible for |
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Definition
| creating a stable environment for economic growth |
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Term
| an advantage of using money instead of barter is that money is more |
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Definition
| easily divided into small units. |
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| charge very high interest because their customers are riskier than a bank's. |
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| In certain Latin American countries, citizens spend their money as fast as they receive it in order to keep up with or stay ahead of the rapidly rising prices of consumer goods. Under these conditions, money is said to lack |
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Definition
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Term
| Insurance companies invest premiums from insured individuals and businesses or make long-term loans, particularly to businesses in the form of |
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Definition
| commercial real-estate loans |
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Term
| Which of the following is the most flexible variable in the marketing mix? |
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| Services are usually distributed through |
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Definition
| direct marketing channels. |
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Term
| Wholesalers and retailers are referred to as intermediaries or` |
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Definition
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Term
| Price is an important factor in the marketing mix for all of the following reasons except |
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Definition
| it is the most visible element in the firm's marketing mix. |
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Term
| The level of market coverage for Liz Claiborne clothes could be described as |
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Definition
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Term
| If a company is eliminating certain models of a product and cutting back on expenditures, the product is most likely in which life cycle stage? |
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| If a product is experiencing negative profits and the company is spending a great deal of money on advertising to make consumers aware of the product, the product is most likely in the following life cycle stage: |
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Term
| Industrial products such as wheels, batteries, and spark plugs for automobiles are classified as |
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| When Bic asked supermarkets to give its new disposable shavers shelf space, it was using a |
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