Which of the following statements is FALSE? The federal government could make a new law that

A) sets age 17 as the age you can first get a driver's license in Canada
B) puts an extra 5% tax on people who earn more than $300,000 per year
C) increases the maximum penalty for terrorism to life in prison with no parole for 30 years
D) taxes the import of certain chemicals entering Canada from foreign countries
E) requires immigrants to pass a language test before they can become citizens


A

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Specialists work together to achieve ________ in a highly integrated organization.

A. assimilation B. a common goal C. differentiation D. decentralization E. centralization

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An oil well is expected to produce 1,000,000 barrels of oil during its 3-year lifetime. The cost of the property, including drilling and preparing the well for pumping, is $3,500,000 . The company expects to sell the property for $100,000 once all of the oil has been pumped. If the company pumps 500,000 barrels in the first year, the entry to record the depletion of the asset that year would

include a a. credit to Oil Well, $566,667; b. debit to Depletion Expense – Oil Well, $1,700,000; c. credit to Accumulated Depletion - Oil Well, $100,000; d. debit to Depletion Expense – Oil Well, $566,667; e. none of these

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The number of strata to use is a matter of judgment, but experience suggests the use of no more than eight

Indicate whether the statement is true or false

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Reliability refers to

a. the knowledge level of the salesperson. b. the ability to supply what was promised in a dependable, efficient, and timely manner. c. the cost of the product. d. all of these choices.

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