BEC CPA EXAM QUESTIONS WITH GUARANTEED ACCURATE ANSWERS
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Course
BEC CPA
Institution
BEC CPA
Demand Curve Shift Upward (direct relationship-positive shift) - ACCURATE ANSWERS The price of subsitute goods, expectations of price changes, income for normal goods, and extent of market
Demand Curve Shift Downward (inverse relationship-neg. shift) - ACCURATE ANSWERS The price of complement go...
BEC CPA EXAM QUESTIONS
BEC CPA EXAM QUESTIONS WITH GUARANTEED ACCURATE ANSWERS
Demand Curve Shift Upward (direct relationship-positive shift) -
ACCURATE ANSWERS✔✔ The price of subsitute goods, expectations
of price changes, income for normal goods, and extent of market
Demand Curve Shift Downward (inverse relationship-neg. shift) -
ACCURATE ANSWERS✔✔ The price of complement good, income
for inferior goods, and consumer boycotts
SWOT analysis - ACCURATE ANSWERS✔✔ strengths, weaknesses,
opportunities, threats
Three common measures of price inflation: - ACCURATE
ANSWERS✔✔ 1. The Consumer Price Index (CP)
2. The Producer Price Index (PPI)
,3. The GDP Deflator
Okun's law - ACCURATE ANSWERS✔✔ Provides a general rule of
thumb showing how economic growth rates faster than average often
result in reductions in unemployment
Product differentiation strategies - ACCURATE ANSWERS✔✔ seek to
make the demand for a firm's products more inelastic.
Transfer pricing - ACCURATE ANSWERS✔✔ is the process for setting
prices that are charged for the transfer of goods or services between
related parties such as departments of a large entity.
Full employment implies that - ACCURATE ANSWERS✔✔ there
frictional and structural unemployment, but not cyclical unemployment.
The consumer price index (CPI) - ACCURATE ANSWERS✔✔ is a
common measure of inflation. It compares the price of goods and
services in a base year to the price of the same goods and services at a
later year. The CPI is commonly used to convert figures not readily
comparable across years into figures that are more comparable.
The phases of the business cycle are - ACCURATE ANSWERS✔✔
expansion, peak, contraction (ie, recession), and trough.
, Peaks are - ACCURATE ANSWERS✔✔ usually characterized by a lack
of available labor and capital, which results in a deceleration of growth.
Output is at maximum and unemployment is as low as possible—or at
the "natural" rate.
Tight labor markets and lack of excess capacity often result in -
ACCURATE ANSWERS✔✔ the bidding up of wages and prices,
leading to an acceleration of inflation.
A change in account balances will always be measured as - ACCURATE
ANSWERS✔✔ (the current balance - the prior balance), with a positive
result indicating an increase and a negative result a decrease.
% changes for account balances = - ACCURATE ANSWERS✔✔
(Current balance - prior balance) / prior balance.
Transportation costs would exist - ACCURATE ANSWERS✔✔ even in
the absence of government.
There are three common measures of price inflation: - ACCURATE
ANSWERS✔✔ consumer price index, producer price index and GDP
deflator.
Deflation - ACCURATE ANSWERS✔✔ a decrease in the general level
of prices and inflation rate is below zero
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