According to the classical concept of efficiency, an efficient tax should be neutral in its effect on free market allocations of economic resources.

Answer the following statement true (T) or false (F)


True

Business

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Genuine Parts received a promissory note from a customer on March 1, 2015 . The face amount of the note is $8,000; the terms are 90 days and 9% interest. What is the total amount of interest that Genuine Parts will receive when the note is paid?

a. $ 60 b. $ 90 c. $180 d. $720

Business

Which of the following statements is true regarding valuation amounts on the balance sheet?

a. Stockholders' equity reflects the amount the stockholders would receive upon liquidation. b. Assets are recorded at current cost. c. Stockholders' equity reflects the current market value of the stock d. There are a variety of assumptions used in determining amounts reported on the balance sheet.

Business

Which of the following lists only joint strategies for cross-cultural negotiations?

A. employ agents or advisors, bring in a mediator, adapt to the other party's approach, improvise an approach B. bring in a mediator, coordinate adjustment, improvise an approach, effect symphony C. employ agents or advisors, adapt to the other party's approach, embrace the other party's approach, effect symphony D. coordinate adjustment, improvise an approach, adapt to the other party's approach, embrace the other party's approach

Business

All of the following employees hold line positions in Anthea Electric EXCEPT:

A) vice president of production B) vice president of finance C) manager of the Valhalla Plant D) vice president of sales

Business