Then I tell you this is enough! After ten days you can go to the exam. With such an efficient product, you really can't find the second one! And we are the leading practice materials in this dynamic market. To facilitate your review process, all questions and answers of our BEC Download Fee test question is closely related with the real exam by our experts who constantly keep the updating of products to ensure the accuracy of questions, so all BEC Download Fee guide question is 100 percent assured. The efficiency of our BEC Download Fee exam braindumps has far beyond your expectation.
AICPA Certification BEC Cease to struggle and you cease to live.
AICPA Certification BEC Download Fee - CPA Business Environment and Concepts We have always advocated customer first. At the same time, we have formed a group of passionate researchers and experts, which is our great motivation of improvement. Every once in a while we will release the new version study materials.
We need to have more strength to get what we want, and BEC Download Fee exam dumps may give you these things. After you use our study materials, you can get BEC Download Fee certification, which will better show your ability, among many competitors, you will be very prominent. Using BEC Download Fee exam prep is an important step for you to improve your soft power.
AICPA BEC Download Fee - I wish you good luck.
Omgzlook website is fully equipped with resources and the questions of AICPA BEC Download Fee exam, it also includes the AICPA BEC Download Fee exam practice test. Which can help candidates prepare for the exam and pass the exam. You can download the part of the trial exam questions and answers as a try. Omgzlook provide true and comprehensive exam questions and answers. With our exclusive online AICPA BEC Download Fee exam training materials, you'll easily through AICPA BEC Download Fee exam. Our site ensure 100% pass rate.
If you fail the exam, we will give a full refund to you. We all know that in the fiercely competitive IT industry, having some IT authentication certificates is very necessary.
BEC PDF DEMO:
QUESTION NO: 1
Demand for a product tends to be price inelastic if:
A. The product is considered a luxury item.
B. Few good complements for the product are available.
C. People spend a large share of their income on the product.
D. Few good substitutes are available for the product.
Answer: D
Explanation:
Choice "d" is correct. Demand for a product tends to be price inelastic if few good substitutes are available
for the product. Even if price increases, consumers are then unable to switch to substitute goods, because there aren't any.
Choice "a" is incorrect. Luxury items may have good substitutes available.
Choice "b" is incorrect. Complementary goods are those whose demand fluctuates in unison; substitute
goods are more relevant here.
Choice "c" is incorrect. If consumers spend a large share of their income on the product, they will be very
sensitive to any price changes and hence product demand would be more "elastic."
QUESTION NO: 2
A limited liability partnership must:
A. File registration documents with the state in which it is formed.
B. Hold all partners personally liable for all debts and liabilities of the partnership and partners.
C. Carry no less than one hundred thousand dollars of property insurance.
D. Not have partners with professional licenses.
Answer: A
Explanation:
Choice "a" is correct. Rule: To have limited liability, an LLP must file with the state a registration statement
usually referred to as Articles of LLP. It is generally designed for professionals who desire to be partners
with other like professionals and yet not have liability for the malpractice of their partners. Some states
require that personal liability insurance (not property insurance) be carried to protect those harmed by the
professionals' malpractice. Choices "b", "c", and "d" are incorrect, per the above rule.
QUESTION NO: 3
Which of the following statements regarding the existence of substitute products is true?
A. The impact of substitutes will have more of an effect on the competitive environment of a firm if the
substitutes are readily available for customers to obtain.
B. When the cost of buyers switching to new products is high, the effect of substitutes on the competitive
environment of a firm is high.
C. If many close substitutes exist, buyers have little choice of products and may be willing to pay a higher
price for the products that are available.
D. If substitutes have equal performance and are priced at or below the firm's product, the competitive
force of substitutes with respect to the firm is weak.
Answer: A
Explanation:
Choice "a" is correct. The impact of substitutes will have more of an effect on the competitive environment
of a firm if the substitutes are readily available to consumers.
Choice "b" is incorrect. When the cost of buyers switching to new products is low (not high), the effect of
substitutes on the competitive environment of a firm is high.
Choice "c" is incorrect. If few (not many close) substitutes exist, buyers have little choice of products and
may be willing to pay a higher price for the products that are available.
Choice "d" is incorrect. If substitutes have equal performance and are priced at or below the firm's product,
the competitive force of substitutes with respect to the firm is strong (not weak).
QUESTION NO: 4
A working capital technique that increases the payable float and, therefore, delays the outflow of cash is:
A. Concentration banking.
B. A draft.
C. A lock-box system.
D. The use of a local post office box.
Answer: B
Explanation:
Choice "b" is correct. A draft is a working capital technique that increases the payable float and, therefore,
delays the outflow of cash.
Each of the three following choices accelerate the flow of cash and/or data:
Choice "a" is incorrect. Concentration banking automatically channels funds from every source of the business into a single usable account, thus quickly identifying available funds each day, and moving them
to accounts that have funding requirements that day, and investing the remainder in short-term, interestbearing instruments until needed.
Choice "c" is incorrect. A lock-box system is simply a central collection location that receives payment checks (generally, the bank where a central checking account is maintained by the firm).
Choice "d" is incorrect. The use of a local post office box allows more rapid access to mail than actual delivery to a street address.
QUESTION NO: 5
If a firm increases its cash balance by issuing additional shares of common stock, working capital:
A. Remains unchanged and the current ratio remains unchanged.
B. Increases and the current ratio remains unchanged.
C. Increases and the current ratio decreases.
D. Increases and the current ratio increases.
Answer: D
Explanation:
Choice "d" is correct. If a firm increases its cash balance by issuing additional shares of common stock,
working capital increases and the current ratio increases.
SAP C-C4H41-2405 - It is a professional exam materials that the IT elite team specially tailored for you. AICPA's VMware 2V0-12.24 exam certification is one of the most valuable contemporary of many exam certification. Before you decide to buy, you can try a free trial version, so that you will know the quality of the Omgzlook's AICPA HP HPE0-G01 exam training materials. Oracle 1z0-915-1 - The training materials can help you pass the certification. If you are still troubled for the AICPA Microsoft PL-300-KR certification exam, then select the Omgzlook's training materials please.
Updated: May 26, 2022