Global income consist of A) income from all sources. B) only earned income. C) all income less tax credits. D) all income subject to the federal income tax. ANSWER A
Date: September 19th, 2020
What assumptions underlie the EOQ formula? What will be an ideal response? ANSWER The model’s assumptions are as follows:
Date: September 19th, 2020
If a product is sold “as is” A) it is covered by neither express nor implied warranties. B) it is not covered by an express warranty, but is covered by an implied warranty. C) it is not covered by an implied warranty, but can still be covered by an express warranty. D) it can still […]
Date: September 19th, 2020
Which item below is not true of the Securities and Exchange Commission? A) It oversees securities trades to assure that fair prices are set. B) It was created by the 1934 Securities Act. C) It requires that new issues of securities be registered with it. D) It requires that potential securities buyers be provided prospectuses. […]
Date: September 19th, 2020
About what percentage of the household budget is spent on consumer durables and the operation of those consumer durables? A) 10% B) 25% C) 45% D) 65% ANSWER B
Date: September 19th, 2020
Net replacement cost is equal to A) actual market value. B) trade-in value. C) new market value D) replacement cost less the market value of the trade-in. ANSWER D
Date: September 19th, 2020
The Mail Order Merchandise Rule covers A) all purchases by mail, voice phone, fax or the Internet. B) only purchases by mail, voice phone and fax. C) only purchases by mail and voice phone. D) only purchases by mail. ANSWER A
Date: September 19th, 2020
The Securities Investor Protection Act of 1970 A) protects investors against all investment losses up to $500,000. B) guarantees delivery of shares (up to $500,000 ) and cash (up to $100,000 ) held by a bankrupt broker. C) is offered only by full-service brokers. D) established binding arbitration as the method of resolving broker-related disputes. […]
Date: September 19th, 2020
According to the Mail Order Merchandise Rule the sender A) may extend shipment beyond 30 days as long as you are notified. B) may substitute similar or more expensive goods in place of the goods you have ordered. C) may not extend shipment beyond 30 days, unless your consent is obtained. D) must reduce the […]
Date: September 19th, 2020
According to Internet Fraud Watch, the most common form on Internet fraud involves A) auto sales. B) auctions. C) Internet service providers. D) credit card sales. ANSWER B
Date: September 19th, 2020
