These AICPA BEC Reliable Dumps Files exam dumps are authentic and help you in achieving success. Do not lose hope and only focus on your goal if you are using BEC Reliable Dumps Files dumps. It is a package of BEC Reliable Dumps Files braindumps that is prepared by the proficient experts. Good practice materials like our CPA Business Environment and Concepts study question can educate exam candidates with the most knowledge. Do not make your decisions now will be a pity for good. We trounce many peers in this industry by our justifiably excellent BEC Reliable Dumps Files training guide and considerate services.
Our BEC Reliable Dumps Files exam materials have plenty of advantages.
Friends or workmates can also buy and learn with our BEC - CPA Business Environment and Concepts Reliable Dumps Files practice guide together. Repeated attempts will sharpen your minds. Maybe our BEC Guaranteed Passing learning quiz is suitable for you.
Over the years, BEC Reliable Dumps Files exam questions have helped tens of thousands of candidates successfully pass professional qualification exams, and help them reach the peak of their career. It can be said that BEC Reliable Dumps Files test guide is the key to help you open your dream door. We have enough confidence in our products, so we can give a 100% refund guarantee to our customers.
AICPA BEC Reliable Dumps Files - Please make a decision quickly.
Today, in an era of fierce competition, how can we occupy a place in a market where talent is saturated? The answer is a certificate. What the certificate main? All kinds of the test BEC Reliable Dumps Files certification, prove you through all kinds of qualification certificate, it is not hard to find, more and more people are willing to invest time and effort on the BEC Reliable Dumps Files exam guide, because get the test BEC Reliable Dumps Files certification is not an easy thing, so, a lot of people are looking for an efficient learning method. And here, fortunately, you have found the BEC Reliable Dumps Files exam braindumps, a learning platform that can bring you unexpected experiences.
The product of Omgzlook not only can 100% guarantee you to pass the exam, but also can provide you a free one-year update service. If you choose Omgzlook, success is not far away for you.
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 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: 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.
HP HPE6-A86 - For example, the software version can simulate the real exam environment. But enrolling in the AICPA certification VMware 5V0-31.23 exam is a wise choice, because in today's competitive IT industry, we should constantly upgrade ourselves. And the APP online version of our SAP C-SAC-2415 exam dumps can support all kinds of electronic devices. You can free download part of Omgzlook's exercises and answers about AICPA certification SAP C_TS422_2023 exam as a try, then you will be more confident to choose our Omgzlook's products to prepare your AICPA certification SAP C_TS422_2023 exam. And our experts generalize the knowledge of the SAP C-SIGDA-2403 exam into our products showing in three versions.
Updated: May 26, 2022