Memorandum entry is an entry in the journal that notes a significant event but has no debit or credit amount

Indicate whether the statement is true or false

TRUE

Business

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If the central banks wishes to stimulate aggregate demand, hence macro-economic activity, it would:

a) purchase assets in order to reduce interest rates b) sell assets in order to reduce interest rates c) purchase assets in order to raise interest rates d) sell assets in order to raise interest rates

Business

The Hagarty & Adolph funeral home has coffins priced at $1,200, $2,000, $3,500, and $5,000. Why have the owners of the funeral home chosen price lining?

a. It will enable them to carry a larger total inventory b. It will maintain all of the product line at the same stage in the product life cycle. c. It will reach several different target market segments. d. It will thwart competitors that are trying to sell similar products.

Business