False statements that appear in a letter, newspaper, magazine, book, photograph, movie or video are ________.
A. false imprisonment
B. slander
C. malicious prosecution
D. libel
Answer: B
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Figure 4.4 represents the market for gasoline in a small nation. The free trade world price of gasoline is $3.50. Suppose this small nation imposes a tariff on gasoline of $.50 per gallon. The decline in consumer surplus would be
a. area a + b. b. area a. c. area a + b + c + d + e. d. area a + b + f + g + h.
Which type of self-service store is a food store with a limited selection of items and few brands per item?
A) convenience store B) box store C) specialty store D) variety store E) leased department store
Given the following errors, identify the one by itself that will cause the trial balance to be out of balance.
A. A $75 cash receipt from a customer in payment of her account posted as a $75 debit to Cash and a $75 credit to Cash. B. A $50 cash purchase of office supplies posted as a $50 debit to Office Equipment and a $50 credit to Cash. C. An $800 prepayment from a customer for services to be rendered in the future was posted as an $800 debit to Unearned Revenue and an $800 credit to Cash. D. A $100 cash receipt from a customer in payment of her account posted as a $100 debit to Cash and a $10 credit to Accounts Receivable. E. A $200 cash salary payment posted as a $200 debit to Cash and a $200 credit to Salaries Expense.
Which of the following statements is CORRECT?
A. An externality is a situation where a project would have an adverse effect on some other part of the firm's overall operations. If the project would have a favorable effect on other operations, then this is not an externality. B. An example of an externality is a situation where a bank opens a new office, and that new office causes deposits in the bank's other offices to increase. C. The NPV method automatically deals correctly with externalities, even if the externalities are not specifically identified, but the IRR method does not. This is another reason to favor the NPV. D. Both the NPV and IRR methods deal correctly with externalities, even if the externalities are not specifically identified. However, the payback method does not. E. Identifying an externality can never lead to an increase in the calculated NPV.