In the context of barriers to international trade, _____ include differences among countries in language, attitudes, and values.

A. economic differences
B. sociocultural differences
C. political differences
D. legal differences


Answer: B

Business

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Equipment was purchased for $24,000 on January 1, 2018. The equipment's estimated useful life was five years, and its residual value was $4,000. The straight-line method of depreciation was used. Prepare the journal entry to record the sale of the equipment for $25,000 on January 3, 2019. The company has a calendar year accounting period. Omit explanation.

What will be an ideal response?

Business

An example of an independent demand item would be?

a. Bicycle seat b. Bicycle c. Both a bicycle seat and a bicycle d. Neither a bicycle seat nor a bicycle

Business

In 1995, Edna R. Murphy executed a quitclaim deed conveying her residence to herself and Dorothy Moore as joint tenants with a right of survivorship. This quitclaim deed was recorded. In 1998, Murphy quitclaimed her interest in the property to another party, who, in 2002, quitclaimed the property back to Murphy. Who owns the property now?

A) Murphy and Moore as joint tenants B) Murphy and Moore as tenants in common C) Murphy, Moore, and the third party as tenants in common D) Murphy and the third party as tenants in common

Business

Behavioral things describe how things work

Indicate whether the statement is true or false

Business