What was the "Big Bang" in Japan?
A. The stock market crash of 1929
B. The unprecedented decline in exports and stock prices in the late 1980's
C. The changes in accounting regulation that occurred in the late 1990's
D. The growth of the Japanese economy from the 1950's to the 1980's
Ans: C. The changes in accounting regulation that occurred in the late 1990's
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A ________ interest provides the right to own and possess the land until one dies, but forbids the owner from using the property in such a way as to destroy its value to future holders
A) fee simple absolute B) life estate C) future interest D) conditional estate
Which of the following is a function of inventory?
A) to decouple various parts of the production process B) to provide a selection of goods for anticipated customer demand and to separate the firm from fluctuations in that demand C) to take advantage of quantity discounts D) to hedge against inflation E) All of the above are functions of inventory.