Small changes in consumer demand can lead to considerable shifts in business product demand and are referred to as the ________.

A. degree of affiliation
B. transverse effect
C. acceleration effect
D. transactional effect
E. multi-attribute model


Answer: C

Business

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Current assets minus current liabilities is:

A. Quick assets. B. Current ratio. C. Working capital. D. Profit margin. E. Financial leverage.

Business

If a criminal client agrees to plead guilty to a lesser crime and thereby receive a lesser sentence, that client is agreeing to:

A) a plea bargain. B) a plea trial. C) a plea booking. D) a plea summons.

Business

A statute or court decision that makes an offer illegal automatically terminates the offer

Indicate whether the statement is true or false

Business

Identify which of the following statements is false.

A) A power of appointment exists when a person transfers property and grants someone else the power to specify who eventually will receive the property. B) A person possesses a general power of appointment if the person has the power to appoint property to himself, his creditors, his estate, or the creditors of his estate. C) The donee's payment of the gift tax does not reduce the amount of the gift because it is treated as consideration paid to the donor. D) The donor must recognize as a gain the excess of the gift tax payable over the adjusted basis of the property.

Business