Every day they are on duty to check for updates of BEC Test Notes study materials for providing timely application. We also welcome the suggestions from our customers, as long as our clients propose rationally. We will adopt and consider it into the renovation of the BEC Test Notes exam guide. So the choice is important. Omgzlook's AICPA BEC Test Notes exam training materials are the best things to help each IT worker to achieve the ambitious goal of his life. We have clear data collected from customers who chose our BEC Test Notes practice braindumps, and the passing rate is 98-100 percent.
AICPA Certification BEC Quickly, the scores will display on the screen.
AICPA Certification BEC Test Notes - CPA Business Environment and Concepts We promise during the process of installment and payment of our CPA Business Environment and Concepts prep torrent, the security of your computer or cellphone can be guaranteed, which means that you will be not afraid of virus intrusion and personal information leakage. When you find it hard for you to learn on computers, you can learn the printed materials of the Latest BEC Study Questions Pdf study materials. What is more, you absolutely can afford fort the three packages.
Don’t hesitate any more. Time and tide wait for no man. Come and buy our BEC Test Notes exam questions!
AICPA BEC Test Notes - Select Omgzlook is to choose success.
One strong point of our APP online version is that it is convenient for you to use our BEC Test Notes exam dumps even though you are in offline environment. In other words, you can prepare for your BEC Test Notes exam with under the guidance of our BEC Test Notes training materials anywhere at any time. Just take action to purchase we would be pleased to make you the next beneficiary of our BEC Test Notes exam practice. Trust us and you will get what you are dreaming!
A bad situation can show special integrity. When to face of a difficult time, only the bravest people could take it easy.
BEC PDF DEMO:
QUESTION NO: 1
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: 2
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: 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.
And we believe you will pass the Microsoft AZ-900-KR exam just like the other people! Omgzlook AICPA SAP C-THR87-2405 exam training materials is the best choice to help you pass the exam. All you have to do is to pay a small fee on our CompTIA FC0-U71 practice materials, and then you will have a 99% chance of passing the exam and then embrace a good life. And you must not miss the opportunity to pass IBM C1000-154 test successfully. Considering your practical constraint and academic requirements of the Cisco 350-601 exam preparation, you may choose the Cisco 350-601 practice materials with following traits.
Updated: May 26, 2022