Decrease in purchasing power of any monetary unit such as euro, dollars etc. is classified as
A. net investment parity
B. inflation
C. purchasing parity
D. buying parity
Answer: Option B
Solution(By Examveda Team)
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.Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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