Your eligibility of getting a high standard of career situation will be improved if you can pass the exam, and our BEC Exam Name study guide are your most reliable ways to get it. You can feel assertive about your exam with our 100 guaranteed professional BEC Exam Name practice engine for you can see the comments on the websites, our high-quality of our BEC Exam Name learning materials are proved to be the most effective exam tool among the candidates. If you choose to sign up to participate in AICPA certification BEC Exam Name exams, you should choose a good learning material or training course to prepare for the examination right now. Because AICPA certification BEC Exam Name exam is difficult to pass. So your personal effort is brilliant but insufficient to pass the CPA Business Environment and Concepts exam and our BEC Exam Name test guide can facilitate the process smoothly & successfully.
It contains AICPA BEC Exam Name exam questions and answers.
AICPA Certification BEC Exam Name - CPA Business Environment and Concepts They often encounter situations in which the materials do not match the contents of the exam that make them waste a lot of time and effort. So the website of Omgzlook can get the attention of a lot of candidates. They believe and rely on us.
Though the content is the same, but their displays are totally different and functionable. We have handled professional BEC Exam Name practice materials for over ten years. Our experts have many years’ experience in this particular line of business, together with meticulous and professional attitude towards jobs.
AICPA BEC Exam Name - At last, you will not regret your choice.
we can give you 100% pass rate guarantee. BEC Exam Name practice quiz is equipped with a simulated examination system with timing function, allowing you to examine your BEC Exam Name learning results at any time, keep checking for defects, and improve your strength. Besides, during the period of using BEC Exam Name learning guide, we also provide you with 24 hours of free online services, which help to solve any problem for you at any time and sometimes mean a lot to our customers.
Through our short-term special training You can quickly grasp IT professional knowledge, and then have a good preparation for your exam. We promise that we will do our best to help you pass the AICPA certification BEC Exam Name exam.
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
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: 3
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: 4
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.
QUESTION NO: 5
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.
Our ISC CISSP-CN exam materials give real exam environment with multiple learning tools that allow you to do a selective study and will help you to get the job that you are looking for. Nutanix NCP-DB-6.5 - We will provide one year free update service for those customers who choose Omgzlook's products. If the IBM C1000-174 braindumps products fail to deliver as promised, then you can get your money back. HP HPE2-T37 - Our resources are constantly being revised and updated, with a close correlation. No need of running after unreliable sources such as free courses, online NAHQ CPHQ courses for free and NAHQ CPHQ dumps that do not ensure a passing guarantee to the NAHQ CPHQ exam candidates.
Updated: May 26, 2022