The audit working paper known as a "proof of cash" is a means of proving that checks paid by the bank during the test period were not in excess of authorized cash receipts during that same test period.
a. true
b. false
Answer: b. false
Economics
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A country can gain by importing a good from abroad even if that good can be produced more efficiently at home. Is this statement true?
Economics
Which of the following suggests that labor markets work less efficiently in the developing countries?
A. There is an excess supply of skilled labor in the developing countries. B. Workers are paid according to their marginal product and not according to the average product. C. The minimum wage for the unskilled laborers in the developing countries is much lower compared to that in the developed countries. D. The wage gaps between the expanding and the declining sectors are greater than in the higher-income countries.
Economics