Adam Smith's canons of taxation are equity, certainty, convenience, and economy.
Answer the following statement true (T) or false (F)
True
Adam Smith's canons of taxation include equity, certainty, convenience and economy.
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Which of the following is a manager likely to do while preparing internal performance evaluation reports?
A) Review possible one-time order opportunities B) Record adjusting journal entries C) Determine human resource needs for the following period D) Compare actual costs with targeted costs
The efficiency of sample information is the ratio of the expected value of sample information to the:
A) expected value of perfect information. B) expected value. C) utilization rate. D) coefficient of optimism.
Dusty is evaluating three bids to supply fence hardware for the 5 acres of pasture that need to be fenced
Breezy submits a bid of $40 per unit with a defect rate of 3%; Lady's bid is $50 per unit with a defect rate of 0.5%; and Spike's bid is $30 per unit with a defect rate of 5%. If a section of fence fails, it costs an average of $500 in losses and herding costs to round up all of the capybaras. Dusty believes it will take 500 units to fence in this pasture configuration; which supplier should win the business? A) Spike B) Breezy C) Lady D) no difference between Breezy and Spike
Small business investment companies (SBICs) tend to make very small investments as they are not profit-making institutions.
Answer the following statement true (T) or false (F)