If Germany is considered a "large" country, a tariff will ______ increase its national welfare.
a. never
b. always
c. sometimes
d. have limited ability to
c. sometimes
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Did the company purchase any intangible assets during the year?
a. Income statement b. Balance sheet c. Statement of cash flows d. Statement of retained earnings
Answer the following statements true (T) or false (F)
1) In a period of rising costs, the last-in, first-out (LIFO) method results in a higher cost of goods sold and a lower net income than the first-in, first-out (FIFO) method. 2) Given the same purchase and sales data, and assuming the cost of inventory is rising, the costing methods for inventory will result in different amounts for cost of goods sold. 3) Given the same purchase and sales data, and assuming the cost of inventory is rising, the costing methods for inventory will result in different amounts for sales revenue. 4) Given the same purchase and sales data, and assuming the cost of inventory is rising, the costing methods for inventory will result in different amounts for net income.
Which of the following ethical traditions implies that a greedy person who does distasteful and selfish things will not lead a fulfilling and good human life?
A. Utilitarianism B. Kantian categorical imperative C. Virtue ethics D. Psychological egoism
Which of the following represents a privilege granted by a government to use public property in performing services?
A) goodwill B) license C) franchise D) trademark