One key characteristic of a tax is that it is a required payment to a governmental agency.
Answer the following statement true (T) or false (F)
True
Business
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The loss of usefulness because of inadequacy or obsolescence is called
a. functional depreciation. b. physical depreciation. c. amortization. d. cost allocation.
Business
What was the depreciation expense for Paulson Transport for the year ended December 31, 2016?
a. $ -0- b. $160,000 c. $320,000 d. $400,000
Business
Which of the following combinations of constraints has no feasible region?
A) X + Y ? 15 and X - Y ? 10 B) X + Y ? 5 and X ? 10 C) X ? 10 and Y ? 20 D) X + Y ? 100 and X + Y ? 50 E) X ? -5
Business
Because of long-run effects, decisions about which of the Four Ps are often harder to change than decisions about the others?
A. Price B. Place C. Product D. Promotion
Business