If a professional singer dies prior to or doing a contract period, his contract to perform is
discharged by objective impossibility.
Indicate whether the statement is true or false
TRUE
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In case of business cycles, if output rises above the trend line
A. unemployment and inflation both rise. B. unemployment and inflation both fall. C. unemployment rises and inflation falls. D. unemployment falls and inflation rises.
Which of the following assertions would the auditor usually consider most relevant for accounts payable?
a. Existence. b. Valuation. c. Disclosure. d. Completeness.
All of the following is true of the General Agreement on Tariffs and Trade except:
A. it includes over 100 nations. B. it is one of the longest-lasting agreements on trade. C. it has extensive authority to enforce trade practices due to its voluntary membership. D. it reduces tariffs, subsidies, and import quotas.
Which of the following statements about Asian Americans is FALSE?
A. Asian Americans have the highest average household income of the major ethnic groups. B. Asian Americans disproportionately buy more fresh produce, organic foods, and electronic goods, as compared with other groups. C. Asian Americans make up 6 percent of the U.S. population. D. Asian Americans are the largest and fastest-growing ethnic group in the United States. E. One-third of all Asian Americans live in California.