RDBMSs store database definition information in system-created tables which can be considered a data dictionary
Indicate whether the statement is true or false
TRUE
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Answer the following statements true (T) or false (F)
1.To protect domestic producers from foreign competition, the U.S. government levies both import tariffs and export tariffs. 2.With a compound tariff, a domestic importer of an automobile might be required to pay a duty of $200 plus 4 percent of the value of the automobile. 3.With a specific tariff, the degree of protection afforded domestic producers varies directly with changes in import prices. 4.During a recession, when consumers tend to purchase cheaper products, a specific tariff provides domestic producers a greater amount of protection against import-competing goods than other types of tariffs. 5.An ad valorem tariff provides domestic producers less protection against import-competing goods during periods of changing prices.
The user can depend on the accuracy of financial information when which of the following qualitative characteristics has been followed?
a. Relevance b. Faithful representation c. Understandability d. Timeliness
Which of the following is true regarding the accounting for property, plant, and equipment under international accounting standards?
a. Upward revaluations of property, plant, and equipment are not allowed. b. The option is available for an entity to adjust upward the carrying value of property, plant, and equipment to fair value. c. All entities must adjust upward the carrying value of property, plant, and equipment to fair value. d. An entity has the option to adjust upward the carrying value of property, plant, and equipment to fair value, with gains and losses being shown in other comprehensive income.
Historically, more aspects of _______ have been standardized and coordinated worldwide by companies than has been the case for other value chain activities such as _______.
A. marketing; research and development B. marketing; manufacturing C. human resources; marketing D. manufacturing; marketing E. research and development; manufacturing