A tax on the manufacture or sale of a domestic product is known as:
a. a tariff
b. a production tax
c. an excise tax
d. an income tax
e. double taxation
c. an excise tax
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Which of the following statements about benefits provided by workers compensation programs is true?
A) Occupational disability and nonoccupational disability are covered. B) Death benefits and benefits to eligible survivors are payable if a worker is killed on the job. C) Medical benefits are usually subject to deductibles, coinsurance, and numerous exclusions. D) Retirement benefits are payable to retired workers through workers compensation.
R&D activities aimed at discovering new knowledge that has some potential use are known as
A. development and implementation. B. applied research. C. basic research. D. product design. E. design planning.
Mona and Nero want to discharge their contract by executing a new agreement with performance different from what they originally promised. They can best accomplish this by
A. a mutual agreement to rescind. B. an accord and satisfaction. C. a novation. D. an alteration of the original contract.
Ash Company reported sales of $400,000 for Year 1, $450,000 for Year 2, and $500,000 for Year 3. Using Year 1 as the base year, what is the revenue trend percent for Years 2 and 3?
A. 88% for Year 2 and 80% for Year 3. B. 88% for Year 2 and 90% for Year 3. C. 112.5% for Year 2 and 125% for Year 3. D. 125% for Year 2 and 112.5% for Year 3. E. 80% for Year 2 and 90% for Year 3.