A cap and trade system can achieve price stability as long as

A) a price floor is established.
B) intertemporal banking of emission allowances is allowed.
C) both a price floor and intertemporal banking of emissions allowances are allowed.
D) both a price floor and a price ceiling are established.


Answer: C

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Existing claims related to product warranties and litigation as of December 31, 2016, indicate that it is probable that a liability has been incurred. However, as of December 31, 2016, the amount of the obligation cannot be reasonably estimated. Based on these facts, an estimated loss contingency should be

A) accrued. B) disclosed but not accrued. C) neither accrued nor disclosed. D) classified as an appropriation of retained earnings.

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General and administrative expenses are a category of operating expense

Indicate whether the statement is true or false

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Use graphics to communicate __________________ of your presentation

a. the elapsed time b. critiques c. the structure d. the minor points

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Which of the following is a provision in the Administrative Procedure Act (APA)?

A) It provides a procedure for receiving evidence and hearing requests for the granting of federal licenses. B) It allows public access to most documents in the possession of federal administrative agencies. C) It protects persons from harassment by administrative agencies. D) It admits public access to administrative meetings concerning issuance of subpoenas.

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