1. notes and coins whose worth is determined and guaranteed by the state is termed ? a. Fiat money
b. gold standard
c. commodity money
d. money of intrinsic value

2. which of the following is part of the public sector of the economy?
a. a public corporation
b. a public company
c. a co-operative
d. a franchise

3. Notes and coins are a main form of money for all of the following reasons EXECPT
a. they are portable
b. they are durable
c. they are easily divisible
d. they will ensure maximum satisfaction of wants
e. other, if other state what it is

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.