If the Total GDP in 2011 Was $1302 Billion, Where

question 35

Multiple Choice

If the total GDP in 2011 was $1302 billion, where consumption expenditure equals $713 million, investment = $285 million, government = $308, the net exports would:

• A)be 0.4% of the total GDP
• B)equal $5 million
• C)both a and b
• D)have been negative as import spending is greater than export receipts

Calculate and interpret inventory turnover and days in inventory.

Understand the implications of financial leverage on company solvency and profitability.

Learn the calculations and implications of the debt to total assets ratio and times interest earned ratio.

Interpret the effects of managing inventory and receivables on a company's cash flow.

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Definitions:

Fundamental Attribution Error

is the cognitive bias that leads individuals to attribute others' actions to their character or personality while underestimating situational influences.

Actor-Observer Effect

A psychological tendency to attribute one’s own actions to external factors while attributing others’ actions to their internal characteristics.

Self-Serving Bias

The common human tendency to attribute positive events to their own character but attribute negative events to external factors.

Personal Experience

An individual’s direct observation or participation in events, forming the basis for knowledge, attitudes, or beliefs.