Which of the following is not a negative consequence of regulating accounting?
a. A wealth transfer from non-users to users of accounting information.
b. The imposition of disclosure costs on the users of financial information.
c. A potential overallocation of social resources to the production of free, publicly available accounting information.
d. Benefits are received by the users of free accounting information while non-users implicitly incur the production costs.
ANSWER: B
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Facilitative and debilitative emotions differ in which two key ways?
A. Intensity and duration B. duration and range C. range and intensity D. time and place
Answer the following statements true (T) or false (F)
1.Import quotas can yield revenue for the domestic government if it auctions import licenses to the highest bidder in a competitive market. 2.To the extent that domestic importing companies organize as a monopoly buyer, and foreign exporting companies behave as competitive sellers, the importing companies capture the revenue effect of a quota. 3.An import quota tends to reduce the overall welfare of the importing nation by an amount equal to the protective effect, consumption effect, and the portion of the revenue effect that is captured by the domestic government. 4.The sugar import quotas of the U.S. government have tended to increase the market price of sugar, thus reducing the costs to the government of maintaining sugar price supports for domestic growers. 5.During periods of growing demand, a tariff more effectively restricts the volume of imports than an equivalent import quota.
Which of the following is a true statement about business planning?
A) Business planning involves taking action before developing objectives. B) Business planning is an ongoing process. C) Business planning is concerned with the long term but not the short term. D) Business planning is concerned with the short term but not the long term. E) Business planning takes place after development of the marketing plan.
Opinions on the use of a career objective are mixed. Which of the following is the best reason for candidates to add a career objective to their résumés?
A) An objective shows flexibility and indicates that a candidate is adaptable and willing to change to suit the employer's needs. B) The primary goal of an objective is to make the recruiter's life easier by quickly classifying the résumé, which means the applicant is more likely to be hired. C) An objective can rapidly disqualify a candidate if the stated objective does not match a company's job description. D) An objective can tell the prospective employer that this candidate is sure about what he or she wants to do.