Imports
A. are not related to a market's potential.
B. do not reflect the effects of nontariff barriers and other government actions.
C. completely measure a market's potential.
D. do not completely measure a market's potential.
Answer: D
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TAC Inc, produces two products – Tics and Toes, from one process. The joint processing costs of materials, labor, and overhead total $220,000, producing 20,000 units of Tics and 30,000 units of Toes. The company sells Tics for $20 per unit and Toes for $15 per unit. The amount of joint costs assigned to Tics using the relative sales value method is:
a. $146,666 b. $103,532 c. $116,471 d. $73,333
"Lemon protection" means that under certain circumstances consumers may return a product and get their money back
Indicate whether the statement is true or false.
Community Hospital in Atlanta entered into a contract to buy delicate lab equipment from D & D Company in Denver. The contract states shipping terms as FOB, Denver. While in transit the equipment was damaged beyond repair by the carrier, Fly-by-Nite Air Lines. The carrier is in weak financial condition and refused to pay for the equipment. In this case:
A) D & D Company must replace the equipment at no cost to the hospital. B) Community Hospital has risk of loss. C) D & D Company and Community Hospital will share the loss equally. D) risk of loss will depend on which party chose Fly-by-Nite as the carrier.
The most common lien on personal property is:
a. a mechanic's lien b. a possessory lien c. an integrated lien d. a mortgage lien e. a potential lien