The committee that is responsible for holding hearings on tax legislation for the House of Representatives is the
A. Ways and Means Committee.
B. Finance Committee.
C. Joint Committee on Taxation.
D. Conference Committee.
Answer: A
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Which of the following statements is true of the Supremacy Clause of the U.S. Constitution?
A. A particular federal statute cannot exclusively regulate a specific area or activity. B. Any state or local law that "directly and substantially" conflicts with valid federal law is preempted. C. A particular federal statute can expressly provide for exclusive jurisdiction. D. Any state or local law that "directly and substantially" conflicts with valid federal law is held valid if held in harmony with the cultural diversity in the state.
A ______ provides a dynamic view of the process using computers, multiple inputs, work centers, and processing techniques that can help operation managers look at the variability of the process under different conditions.
A. value stream map (VSM) B. process simulation C. service blueprint D. process chart
Oakwood Inc requires all capital investments to generate an internal rate of return of 16%. Oakwood is currently considering an investment that is expected to generate annual cash inflows of $15,000 for 7 years. The cost of the investment should not exceed:
A) $16,800. B) $37,149. C) $60,579. D) $105,000.
Which of the following is true of an apparent agency?
A) The authority of an apparent agent is implied from the conduct of the parties. B) The third-party is not bound to a contract created by an apparent agent. C) The principal is bound to the contracts entered into by an apparent agent. D) The actions of an apparent agent create an apparent agency.