926. Decrease in purchasing power of any monetary unit such as euro, dollars etc. is classified as

by
A. net investment parity
B. inflation
C. purchasing parity
D. buying parity
✅ The correct answer is option B.
Decrease in purchasing power of any monetary unit such as euro, dollars etc. is classified as inflation. Price Inflation is when prices get higher or it takes more money to buy the same item and this is what people commonly think of when they hear the word inflation.

Orders that are transacted at best available price are classified as

by
A. post order
B. transacted order
C. market order
D. available order
✅ The correct answer is option C.
Orders that are transacted at best available price are classified as market order. A market order is a request by an investor usually made through a broker or brokerage service to buy or sell a security at the best available price in the current market. It is widely considered the fastest and most reliable way to enter or exit a trade and provides the most likely method of getting in or out of a trade quickly.

922. Cross-functional teams are:

by
A. a small group of people from the same department who work on projects together
B. a small group of people who come together to resolve business unit issues
C. a small group of specialists who collaborate on a task force
D. a small group of people from different departments who are mutually accountable to a common set of performance goals
✅ The correct answer is option D.
Cross-functional teams are a small group of people from different departments who are mutually accountable to a common set of performance goals. A cross-functional team is a group of people with different functional expertise working toward a common goal. It may include people from finance, marketing, operations, and human resources departments. Typically, it includes employees from all levels of an organization.

957. Type of distribution, which describes whether events to be occurred are mutually exclusive or collectively exhaustive can be classified as

by
A. mutual distribution
B. probability distribution
C. collective distribution
D. marginal distribution
✅ The correct answer is option B.
Type of distribution, which describes whether events to be occurred are mutually exclusive or collectively exhaustive can be classified as probability distribution. A probability distribution is a list of all of the possible outcomes of a random variable along with their corresponding probability values. To give a concrete example, here is the probability distribution of a fair 6-sided die.

The current account of balance of payments does not include

by
A. Trade in goods
B. Trade in services
C. Income on investments
D. None of the above
✅ The correct answer is option A.
The current account of balance of payments does not include trade in goods. Trade in goods and services is defined as the transactions in goods and services between residents and non-residents. It is measured in million USD, as percentage of GDP for net trade, and also in annual growth for exports and imports.

948. Developing Products, Services, or Process that give a Company a Superior Business Position is termed as _________________.

by
A. Monopoly
B. Top Performance
C. Productivity
D. Competitive Advantage
✅ The correct answer is option D.
Developing Products, Services, or Process that give a Company a Superior Business Position is termed as Competitive Advantage. Competitive advantage is the leverage a business has over its competitors. This can be gained by offering clients better and greater value. Advertising products or services with lower prices or higher quality piques the interest of consumers. Target markets recognize these unique products or services.

Federal reserve, money market brokers and dealers, mutual funds and US treasury are all participants of

by
A. liquid markets
B. money markets
C. transaction markets
D. functional markets
✅ The correct answer is option B.
Federal reserve, money market brokers and dealers, mutual funds and US treasury are all participants of money markets. The money market is the trade in short-term debt investments. At the wholesale level, it involves large-volume trades between institutions and traders.