The Takings Clause of the Fifth Amendment gives government the power to take private property ________.
A. for any reason or for no reason at all
B. but only for public use
C. from political opponents
D. but only for building postal roads
Answer: B
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The matching concept states that expenses incurred to produce particular revenues should be matched with those revenues
a. True b. False Indicate whether the statement is true or false
A market segment is less attractive when ________
A) there are few aggressive competitors in the segment B) it is difficult for new entrants to enter the segment C) it contains powerful suppliers who can control prices D) substitute products are unavailable in the segment E) buyers in the market segment have weak bargaining powers
Which of the following pairs of accounts could not be included in the same adjusting entry?
A) Unearned Revenue and Service Revenue B) Wages Expense and Wages Payable C) Interest Expense and Interest Receivable D) Rent Expense and Rent Payable
Management generally claims exclusive rights to decisions on issues relating to subcontracting, work standards, and job content. Management's claim is properly called
A. guaranteed rights. B. contracted provisions. C. provisional security. D. management prerogatives.