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