Discretionary income is defined as
A. income available before taxes.
B. gross domestic product per capita.
C. income available after taxes and necessities.
D. income available after taxes.
E. total market value of goods and services produced.
Answer: C
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The International Accounting Standards Board is the primary and most important determinant of generally accepted accounting principles
Indicate whether the statement is true or false
The more thorough a media list is, the
A) longer it will be. B) less a firm will need to rely on public relations. C) more effective it will be. D) more advertising a company will conduct. E) easier it will be for investors to provide feedback to management.
When computing a price variance, the quantity is held constant.
Answer the following statement true (T) or false (F)
If a foreign company "dumps" goods on the United States market:
a. the goods will be considered illegal goods and not be allowed to be sold in the United States. b. the United States will issue trade sanctions against the country that allowed the dumping. c. a "dumping duty" will be imposed on the dumped goods if the Commerce Department determines the goods are being sold at less than fair value and that this harms an American industry. d. All the above are correct.