An opportunity cost is the potential benefit lost by taking a specific action when two or more alternative choices are available.

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


True

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Which of the following is not a form of payment assurances for subs and suppliers?

A)?Flow?down clause B)?Third?party payment C)?Retainages D)?All of the above are payment assurances

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To encourage honesty in mediation, mediators may not be required to testify later in court about the matter they tried to mediate

a. True b. False Indicate whether the statement is true or false

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Narrative 11-1 Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Refer to Narrative 11-1. Lanie invests $8,500, at 6% interest, compounded quarterly for 10 years. Calculate the compound amount for her investment.

A) $15,419.26 B) $14,780.12 C) $11,190.12 D) $14,885.03

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Jurisdiction M imposes an individual income tax based on the following schedule.RateIncome bracket5%$-0- to $50,000+ 8%$50,001 to $200,000+ 12%$200,001 and above Which of the following statements is true?

A. Jurisdiction M's tax is vertically equitable only for individuals with $50,000 or less taxable income. B. Jurisdiction M's tax is vertically equitable. C. Both "The schedule provides no information as to whether Jurisdiction M's tax is horizontally equitable" and "Jurisdiction M's tax is vertically equitable" are true. D. The schedule provides no information as to whether Jurisdiction M's tax is horizontally equitable.

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