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

1. The standard representation for a parallel circuit is where all resistors are drawn parallel to one another, resembling the ties between railroad tracks.
2. In a parallel circuit, each individual resistor is connected only to the negative pole of the battery.
3. In a parallel circuit, there is only one voltage serving all load resistors.
4. The total resistance is always greater than any of the individual branch resistors.
5. Computing the product over the sum formula is a quick way of computing the total resistance of a parallel circuit, provided that only two resistors are given.


1. True
2. False
3. True
4. False
5. True

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Fill in the blank(s) with correct word

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An organization's "competitors" are those organizations which try to sell their goods to the

same customers as the organization is trying to sell its goods.

Indicate whether the statement is true or false.

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An asset purchased for $100,000 with S = $20,000 after 5 years was depreciated using the 5-year MACRS rates. Expenses averaged $18,000 per year and the effective tax rate is 30%. The asset was actually sold after 5 years of service for $22,000. MACRS rates in years 5 and 6 are 11.52% and 5.76%, respectively. The after-tax cash flow from the sale is closest to: (choose one)

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Plumbing is

A. piping used for the installation, alteration, repair, or removal of automatic sprinkler systems installed for fire protection only. B. piping used for the incorporation of liquids or gases for any product or process in the manufacturing industry. C. the practice, materials, and fixtures within or adjacent to any building structure or conveyance, used in the installation, maintenance, extension, alteration, and removal of any piping, plumbing fixtures, plumbing appliances, and plumbing appurtenances. D. the initial connection to a potable water supply upstream of any required backflow prevention devices and the final connection that discharges indirectly into a public or private disposal system.

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