A tax of 15 percent per imported item is an example of a(an)
a. ad valorem tariff.
b. specific tariff.
c. compound tariff.
d. optimum tariff.
a. ad valorem tariff.
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Which of the following primary principles of U.S. translation procedures in NOT true?
A) If the financial statements of the foreign subsidiary of a U.S. company are maintained in U.S. dollars, translation is not required. B) If the financial statements of the foreign subsidiary are maintained in the local currency and the local currency is the functional currency, they are translated by the temporal method. C) If the financial statements of the foreign subsidiary are maintained in the local currency and the U.S. dollar is the functional currency, they are remeasured by the temporal method. D) All of the above are true.
Which of the following is false regarding the annuity contract?
A) At the beginning of the accumulation phase, the annuitant irrevocably selects the distribution method for the liquidation phase. B) There is considerable flexibility in choosing the length of the accumulation phase. C) The liquidation period is a function of several factors including when the annuitant dies. D) Generally, a longer accumulation period results in higher liquidation payments (all other things being equal).
Describe four factors affecting the quality of an information system
What will be an ideal response?
An attribute of an entity that must have a value for each entity instance is a(n):
A) optional attribute. B) composite attribute. C) required attribute. D) fuzzy attribute.