1. A legal maximum on the price at which a good can be sold is called a? price ceiling. 2. Which of the following is likely to have the most price elastic demand? Breakfast cereal‚ corn flakes 3. A reduction in a country ’s barriers to trade? benefits some citizens of the importing country but does not benefit the domestic producers in the importing country. 4. The amount of a good that buyers are willing and able to purchase is quantity demanded. 5. Suppose a market in which demand is more elastic
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Hindu Philosophy Quiz 1-Vocabulary Samsara- Continuous Flow‚ Reincarnation Isvara- Supreme Being‚ Lord‚ God Samskara- Imprints left on the subconscious mind by experience in this or previous lives‚ which then color all of life‚ one’s nature‚ responses‚ states of mind Karma- Action‚ work or deed Gunas- ’String’ or ’a single thread or strand of a cord or twine’. In more abstract uses‚ it may mean ’a subdivision‚ species‚ kind‚ quality’‚ or an operational principle or tendency
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COMM212 Quiz 1 Review Sheet 50 multiple-choice questions‚ 2 points each. Questions are from the text. Choose the best answer Chapter 1 1. Know and be able to differentiate between all these definitions: argumentation‚ argument‚ advocacy‚ power‚ public discourse‚ pluralistic culture‚ values‚ rule of reason‚ and procedures. Argumentation: the cooperative activity of developing and advancing arguments and of responding to the arguments of others. Argument: a claim advanced with a reason or reasons
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Macroeconomics Quiz 1 Class & Section: All answers must be typewritten 1. The general concern of economics is with the study of the ( ) a. degree of competition in stock and bond markets in the economy. b. efficient use of limited productive resources to satisfy economic wants. c. issue of equality in the distribution of income and wealth among households. d. budget deficits in the domestic economy and trade deficits in the international economy. 2. The term scarcity
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1 of 20 The subatomic particles that play the greatest role in cellular chemical reactions are electrons. protons. neutrons. isotopes. Question 2 of 20 The structural unit that retains the properties of an element is the molecule. atom. cell. electron. Question 3 of 20 Which of the following are found in the nucleus of an atom? Protons Neutrons Electrons A and B Question 4 of 20 The component of an atom or molecule that is most important
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can be found in Chapter Three of An Introduction to Logic. Points Received: 0 of 1 Comments: Question 2. Question : Human reasoning tends to use a mixture of both Student Answer: oil and vinegar. induction and deduction. induction and reduction. reduction and deduction. Instructor Explanation: The answer can be found in Chapter Three of An Introduction to Logic. Points Received: 1 of 1 Comments: Question 3. Question : "When I once visited Texas‚ it was hot. So the
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------------------------------------------------- Top of Form Week 1 Quiz | 100.0 Points | Question 1 of 25 | 4.0 Points | The higher the profit of a firm‚ the higher the value the firm is assured of receiving in the market. | | | | A. True | B. False | | Answer Key: False | Question 2 of 25 | 4.0 Points | Which of the following is not a primary source of capital to the firm? | | | | A. assets | | | | | B. common stock | | | | | C. preferred stock
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$36‚250 A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $5‚040 and is paid at the beginning of the first year. Seventy percent of the premium applies to manufacturing operations and 30% applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage? Product Period → $1‚176 $504 $3‚528 $1‚512 $5‚040 $0 $2‚352 $1‚008 Annual
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Contact Numbers: SMART : 09294891758; GLOBE : 09272128204 E-mail: ncpar@yahoo.com ATTY. ANDRIX DOMINGO‚ CPA BUSINESS LAWS THE LAW ON CORPORATION Corporation an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence. Attributes of a Corporation: 1. It is an artificial being •Doctrine of piercing the veil of corporate entity or corporate fiction This is the
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CHAPTER 11 In the current year‚ Rich has a $40‚000 loss from a business he owns. His at-risk amount at the end of the year‚ prior to considering the current year loss‚ is $24‚000. He will be allowed to deduct the $40‚000 loss this year if he is a material participant in the business Correct Answer: False Judy owns a 20% interest in a partnership in which her at-risk amount was $35‚000 at the beginning of the year. The partnership borrowed $50‚000 on a recourse note and made a $40‚000
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