Which of the following topics is not a part of a typical scenario plan?
a. Expected changes in corporate governance practices.
b. Expected changes in labor-management relations.
c. Expected changes in government intervention and regulations.
d. Expected changes in country infrastructure.
e. Expected changes in budgets and capital budgeting projects.
.E
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How would the elimination of a sales tax affect the market for a product that had been subject to the tax?
A) The equilibrium price for the product would fall by less than the amount of the tax. B) The reduction in government revenue from the tax would be made up by an increase in property taxes. C) The supply of the product would become more elastic. D) The demand for the product would rise and the equilibrium price would fall by the amount of the tax.
Models describing the determination of the money supply and the Fed's role in this process normally focus on ________ rather than ________, since Fed actions have a more predictable effect on the former
A) reserves; the monetary base B) reserves; high-powered money C) the monetary base; high-powered money D) the monetary base; reserves