Heston and Burton, CPAs, currently work a five-day week. They estimate that net income for the firm would increase by $45,000 annually if they worked an additional day each month. The cost associated with the decision to continue the practice of a five-day work week is an example of:
A) differential revenue
B) sunk cost
C) differential income
D) opportunity cost
D
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The Consumer Product Safety Commission is ________
A) a communion of two state-funded regulatory bodies working together to ensure consumer safety B) a federal body created to ensure the safety of a few consumer products like motor vehicles, boats, aircraft, and firearms C) an independent federal administrative agency that regulates potentially dangerous consumer products D) a federal agency working to ensure product safety standards for food, poultry, medicines, and medical devices
The APA specifically requires that courts applying the substantial evidence test
consider the entire agency record. a. True b. False
How much force may an individual use to protect her property?
a. As much as is necessary. b. Deadly force. c. Reasonable force, but not deadly force. d. All of these are correct.
Under the principle of comity, one nation may defer and give effect to the laws and judicial decrees of another country
a. True b. False Indicate whether the statement is true or false