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NEW QUESTION: 1
If the quantity of Snapple's drinks demanded falls from 4.0 million to 3.0 million as the price of
Nantucket Nectar's drinks fall from $2.70 to $2.50, Snapple's drinks and Nantucket Nectar's drinks are:
A. luxuries.
B. compliments.
C. substitutes.
Answer: C
Explanation:
Since the cross price elasticity of demand for Snapple's drinks and Nantucket Nectar's drinks is positive, they are substitutes.
NEW QUESTION: 2
A. Option A
B. Option D
C. Option B
D. Option C
Answer: A
NEW QUESTION: 3
Identify two INVALID features of POV in Financial Reporting Studio.
A. A memberselection function with CurrentPOV as the member parameter changes to a User POV when members are selected from a row, column or page axis on a grid.
B. POV book is specific to any report or grid object in report in that book.
C. To identify that a dimension is set for grid POV, text row foot note should be added for a gridPOV for a dimension.
D. All POVs allow a single member to be set for a dimension.
E. Multiple grids cannot be Included in a report.
Answer: B,C
Explanation:
D: A book POV allows anyone running the book to use the same default values for all grids in all reports in the book simultaneously each time the book is run. It is specific to a database connection for a book, but not specific to any report or grid object in a report in that book. As the book POV values are saved with the book itself, changes to the book POV do not affect the book designer's user POV.
Reference:H Y P E R I O NF I N A N C I A L R E P O R T I N G S T U D I O, User's Guide, Frequently Asked Questions