AICPA CPA Business
Q: 1
Lisa is a limited partner in a limited partnership. Jen, one of the other limited partners, is seeking to
sell her interest in the partnership to Karen and allow Karen to become a new limited partner. Which
of the following statements is true?
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Q: 2
Which one of the following would cause the demand curve for a commodity to shift to the left?
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Q: 3
Which one of the following is not a key assumption of perfect competition?
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Q: 4
Which of the following is not considered a factor that increases the bargaining power of the
customer?
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Q: 5
Under monopoly, strategic plans focus on:
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Q: 6
Hedgehog International has numerous foreign exchange transactions. Management has elected to
hedge transactions as a means of mitigating transaction exposure to exchange rate risk. What is the
most effective means that Hedgehog International can use to avoid overhedging?
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Q: 7
With respect to price elasticity of demand:
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Q: 8
An increase in the money supply leads to:
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Q: 9
Commercial paper:
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Q: 10
Under which one of the following conditions is the internal rate of return method less reliable than
the net present value technique?
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Question 1 of 10
