The population of Djibouti is approximately 810,179,700. To serve the communication needs of this nation, there is one Internet service provider, two AM radio stations, two FM radio stations, and one television station
There are only 8,000 telephone lines in the whole country. This is a partial description of Djibouti's ________.
A) gross national product (GNP)
B) business cycle
C) economic infrastructure
D) standard of living
E) gross domestic product (GDP)
C
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Which of the following statements is FALSE?
A) The matching principle indicates that the firm should finance permanent working capital with short-term sources of funds. B) Following the matching principle should, in the long run, help minimize a firm's transaction costs. C) In a perfect capital market, the choice of financing is irrelevant; thus how the firm chooses to finance its short-term cash needs cannot affect value. D) A portion of a firm's investment in its accounts receivable and inventory is temporary and results from seasonal fluctuations in the firm's business or unanticipated shocks.
Warbeagle was hired by Barge Brothers Diet Center to give advice as to how to best market the Diet Center's new "Starvation Diet.". Warbeagle was to be paid for the development of a marketing plan based on the number of days he worked in preparation of
the plan ($1,000 a day). When he had completed about half of his intended work (five days), Warbeagle received an offer to tour the great restaurants of Russia with all expenses paid. He left Barge Brothers, but he did not leave them high and dry. He provided a computer disk and hard copy of all work he had completed to the date of departure. He also left a bill for $5,000.