Which of the following refers to a set of free market policies imposed on developing nations by the IMF and the World Bank as loan conditions?
A. Structural adjustment program
B. Autarky
C. The Bretton Woods system
D. Washington Consensus
Answer: D. Washington Consensus
Business
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A coal company invest $12 million in a mine estimated to have 20 million tons of coal and no salvage value. It is expected that the mine will be in operation for 5 years. In the first year, 1,000,000 tons of coal are extracted and sold. What is the depletion expense for the first year?
A. $600,000 B. $240,000 C. $60,000 D. cannot be determined from the information provided
Business
Explain the disadvantages related to "planning work and then following the plan."
What will be an ideal response?
Business