The primary sector of economic activity includes:
A. industry and service.
B. manufacturing operations.
C. transportation, finance, insurance, and related industries.
D. agriculture, forestry, and mineral exploration and extraction.
Answer: D
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Experimental designs provide procedures for devising an experimental setting such that a change in an independent variable may be attributed solely to the change in the dependent variable while controlling for the effects of complex variables
Indicate whether the statement is true or false
You have just received notice that a customer of yours with an Account Receivable balance of $100 has gone bankrupt and will not make any future payments. Assuming you use the allowance method, the entry you make is to
A) debit Bad Debt Expense and credit Allowance for Doubtful Accounts. B) debit Bad Debt Expense and credit Accounts Receivable. C) debit Allowance for Doubtful Accounts and credit Accounts Receivable. D) debit Allowance for Doubtful Accounts and credit Bad Debt Expense.
A life estate that is measured by the life of a third party is referred to as ________
A) estate pour autre vie B) servient estate C) community property D) future interest
Which of the following is a true statement about personal investing?
A. Every security investment will generate money. B. In general, riskier investment strategies offer the potential for higher returns. C. The buy-and-hold approach of securities results in substantial gains in a short time period. D. Individuals who invest in securities must use the services of an investment bank.