The efficiency gains that _______ provide(s) for economies are not a one-time occurrence but an ongoing process that fosters long-run economic growth.
a. consumers
b. computers
c. information exchange
d. digital trade
d. digital trade
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Beatriz and James are married and own real property under a tenancy by the entirety. This means that ________.
A. they are tenants in common with the added requirement of marriage B. upon the death of either, the property passes automatically to the surviving spouse C. the tenancy cannot be severed even in case of a divorce D. either spouse can transfer property by will if the other is still living
Which of the following items does not represent a difference between financial and managerial accounting?
A. Timeliness of information. B. Managerial accounting does not use the financial information from the financial accounting system. C. Users of the information. D. Flexibility of reporting. E. Focus of the information.
The present value of $100 received at the end of year 1, $200 received at the end of year 2, and $300 received at the end of year 3, assuming an opportunity cost of 13 percent, is ________
A) $ 453 B) $ 416 C) $1,181 D) $ 500
Which of the following is true of the management of a general partnership?
A. The number of votes a general partner has depends on the proportion of his or her capital investment. B. Partnership matters are decided by unanimous agreement only. C. Only a general partner who is also a member of the partnership's board of directors has the authority to participate in the management of the partnership. D. If the vote is tied, the action being voted on is considered to be defeated.