The government can limit entry to an industry or market through strict regulation, licensing requirements, and by limiting access to raw materials via laws or high taxes and to certain locations by means of zoning restrictions.
Answer the following statement true (T) or false (F)
True
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Reduction in cycle time of a process leads to improvement in quality of products as it reduces the potential for mistakes and errors
a. True b. False Indicate whether the statement is true or false
Television station Channel 2 receives $200,000 from Harry's Auto Parts, Inc, to air Harry's commercials during a local automotive repair talk show in December 2017 . December's ratings drop sharply when the show's star quits to work as a mechanic with a NASCAR team. Shortly thereafter, Harry contacts Channel 2 indicating that he wants to discontinue his sponsorship and requests return of $125,000
of the payment. The station continues to air the commercials and keeps the $200,000 . Harry initiates a legal suit to recover the $125,000 . Why is the $200,000 included in Channel 2's 2017 gross income? I. All-inclusive Income Concept. II. Capital Recovery Concept. III. Wherewithal-To-Pay Concept. IV. Claim of Right Doctrine. V. Constructive Receipt Doctrine. a. Only statement I is correct. b. Only statement IV is correct. c. Statements I, III, and IV are correct. d. Statements I, III, and V are correct. e. Statements II, III, and IV are correct.
You have been offered an opportunity to buy shares of a collection of diversified securities. You will be investing in:
A. bonds. B. common stocks. C. mutual funds. D. real estate. E. stock options.
Which one of the following statements is correct?
A. Pretax income is equal to gross profit minus interest expense. B. Gross profit is equal to sales minus costs of goods sold and depreciation. C. Operating expenses are indirect costs. D. The change in retained earnings is equal to net income plus dividends paid. E. Costs that vary directly with production are classified as operating expenses.