Almora, a developing open economy, is experiencing an economic boom since it discovered oil reserves off its coast two years ago. bill hudson, an economist with the finance ministry of almora, said in an interview that the oil boom has improved the average standard of living in the economy. robin peters is an industry analyst who does not agree with hudson's view. in one of his recent articles in the country's leading business daily, robin claimed that the high rate of inflation following the boom has actually weakened the expansionary impact on the economy. which of the following, if true, will support robin's argument? a. employment in the country's oil industry reported an annual growth of 15 percent this year. b.the construction sector has expanded by 20 percent in the last two years. c.almora reduced its petroleum imports this year. d.almora's agriculture and manufacturing sectors have become less competitive in the world market. e.the government of almora is expected to have a budget surplus of $2 billion in the current financial year.

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u.s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u.s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u.s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600