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5 Cards in this Set
- Front
- Back
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In which of the following situations would there be inelastic demand?
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A 5% price increase results in a 3% decrease in the quantity demanded.
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A project should be accepted if the present value of cash flows from the project is
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Greater than the initial investment
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Standard deviation and expected return information for four investments selling for the same price is as follows:
Investment Std Dev Exp Return A 25% 20% B 20% 18% C 12% 8% D 10% 10% What investment is the best choice in terms of the risk/return relationship? |
Investment D
Std Dev 10% Exp Return 10% |
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Which of the following cash management techniques focuses on cash disbursements?
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Zero-balance account
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Each of the following is a method to evaluate internal controls based on the framework set by COSO, except:
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Distinguishing economy risk from industry risk and enterprise risk.
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