A state law that limits the maximum rate of interest that may be charged is called a(n) __________ law
a. interest
b. usury
c. rate
d. term
b
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Wording a question so that it is either categorical or metric is important because:
A) it affects what analyses may be conducted on the question B) it affects what may be said and not said about the property being measured C) it affects how long it takes the respondent to answer the question D) both a and b E) none of the above; this is not an important issue when wording a question
The North American Industry Classification System (NAICS) ________
A) is a replacement for the Better Business Bureau B) was developed in Europe C) includes information about industries in Mexico, Canada, and the United States D) uses a two-digit code that sorts industries into subsectors E) is a listing of consumer products
A company paid $200,000 ten years ago for a specialized machine that has no salvage value and is being depreciated at the rate of $10,000 per year. The company is considering using the machine in a new project that will have incremental revenues of $28,000 per year and annual cash expenses of $20,000. In analyzing the new project, the $200,000 original cost of the machine is an example of a(n):
A. Incremental cost. B. Variable cost. C. Out-of-pocket cost. D. Opportunity cost. E. Sunk cost.
Margo is in possession of a check issued to her by Felix. The check states, "Pay to the order of Margo." If Margo wishes to transfer the check to Pete to pay a debt she owes him, all she needs to do is strike out her name on the front of the check, write in Felix's name and give it to him
a. True b. False Indicate whether the statement is true or false