An ad valorem duty is expressed as a percentage of the value of goods

Indicate whether the statement is true or false


TRUE

Business

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Which of the following is a generalization of the time-series extrapolation model that includes independent variables other than time?

A) regression analysis B) leading indicators C) exponential smoothing D) econometric models

Business

Gage began a defined benefit pension plan on January 1, 2015. During 2015, the service cost was $450,000. Gage contributed $450,000 to the pension plan for 2015. The actuary said the projected benefit obligation at December 31, 2015 was $450,000. As of December 31, 2015, what statements can Gage make about the pension plan? I. The pension plan is fully funded. II. Gage does not need to report a

liability regarding the pension plan at December 31, 2015. ? A) I B) II C) both I and II D) neither I nor II

Business

Vince has begun forgetting things and is becoming very difficult to get along with. He is 85, has been ill, and is very fond of his housekeeper Annie. He gives a deed to Annie for all of his real property. At Vince's death, his children, who got only his photograph albums according to the will, ask that the deed be set aside and the land be put back in the estate for purposes of division among

all the children. What will be the probable result in this case? a. Since Vince was 85 he was probably incompetent and the court would rule for the children. b. Clearly Annie used her position of dominance to persuade Vince to deed her the property, and it will be set aside. c. Unless the children can prove that Vince was unable to understand what he was doing, or that Annie used her position to improperly influence Vince, Annie can keep the property. d. Annie will not be able to keep the property since she is not a family member.

Business

Max, an inventory control specialist, has most likely broken through an unwritten boundary when he

A) attends the company picnic in jeans and a tank top. B) invites the CEO to visit his cubicle and discuss company goals. C) invites another inventory control specialist to dinner. D) sends the tech center a request for help.

Business