The financial statements of firms generally are audited by
A) employees of the firm being audited.
B) employees of private accounting firms.
C) the board of directors of the corporation being audited.
D) employees of the federal government.
B
Economics
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If the expected path of 1-year interest rates over the next four years is 5 percent, 4 percent, 2 percent, and 1 percent, then the expectations theory predicts that today's interest rate on the four-year bond is
A) 1 percent. B) 2 percent. C) 3 percent. D) 4 percent.
Economics
In the short-run macro model, firms that sell more than they produce will respond by
a. reducing output b. increasing output c. reducing prices d. raising prices e. not changing production because the market will adjust on its own
Economics