Authorization of Which of the Following Is least likely to Be

question 24

Multiple Choice

Authorization of which of the following is least likely to be found during a review of the minutes of the board of directors?

• A)Dividends.
• B)New debt issuance.
• C)New bank accounts.
• D)Write-off of trade accounts receivable.

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Definitions:

Diminishing Marginal Product

The decrease in the additional output that is generated when one more unit of input is added, holding all other inputs constant.

Perfectly Competitive

A market structure where there are many sellers and buyers, products are homogeneous, and there is free entry and exit, leading to the price being determined by supply and demand.

Product Market

The marketplace in which finished goods and services are traded between producers and consumers.

Gini Coefficient

A number that summarizes a country’s level of income inequality based on how unequally income is distributed across quintiles.