In general, ________
A) a longer depreciable life is preferred, because it will result in a faster receipt of cash flows
B) a shorter depreciable life is preferred, because it will result in a faster receipt of cash flows
C) a shorter depreciable life is preferred, because management can then purchase new assets, as the old assets are written off
D) a longer depreciable life is preferred, because management can postpone purchasing new assets, since the old assets still have a useful life
B
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Which of the following businesses can be operated as a sole proprietorship?
A) Any service type business B) Any business C) Any business, so long as the number of employees is not excessively large D) Any business, so long as revenues are not excessively large E) Any business, so long as there are no employees other than the proprietor
Liability arising out of which of the following is covered under Coverage E of an unendorsed Homeowners 3 policy?
A) use of the insured's auto on a public road B) use of the insured's golf cart at a golf course C) use of the insured's motorcycle on a highway D) use of the insured's 40-foot boat with a 200 horsepower engine
In the future, with fewer young workers available to produce goods and services, wages and salaries are expected to ____________________.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements about the income effect of an income tax rate increase is true?
A. The income effect is theoretically stronger for a family's secondary wage earner than for the family's primary wage earner. B. Both the income effect is theoretically stronger for low-income taxpayers than for high-income taxpayers and the income effect motivates individuals to find ways to increase their before-tax income are true. C. The income effect is theoretically stronger for low-income taxpayers than for high-income taxpayers. D. The income effect motivates individuals to find ways to increase their before-tax income.