The standardization of parts was encouraged by ______.
a. Eli Whitney
b. Frederick Taylor
c. Adam Smith
d. Henry Ford
a. Eli Whitney
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Revised probabilities of events based on additional information are _____ probabilities.
A. joint B. posterior C. independent D. complementary
A speech delivered in the ______ manner uses only an outline or speaker’s notes as memory joggers.
a. spontaneous b. extemporaneous c. impromptu d. impulsive
Which of the following are true statements?
A) The FOMC usually meets every six weeks to set monetary policy. B) The FOMC issues directives to the trading desk at the New York Fed. C) Designers of the Federal Reserve Act did not envision the use of open market operations as a monetary policy tool. D) All of the above are true statements. E) Only A and B of the above are true statements.
Answer the following statements true (T) or false (F)
1. While federal and state income taxes, as well as the federal gift and estate taxes, are generally progressive in nature, property taxes are proportional. 2. Adam Smith's canons of taxation are equity, certainty, convenience, and economy. 3. The primary objective of the federal income tax law is to achieve various economic and social policy objectives. 4. Individuals are the principal taxpaying entities in the federal income tax system. 5. The various entities in the federal income tax system may be classified into two general categories, taxpaying entities (such as individuals and C [regular] corporations) and flow-through entities such as sole proprietorships, partnerships, S corporations, and limited liability companies.