what a brighter future! With BEC Latest Test Collection Materials study engine, you will get rid of the dilemma that you work hard but cannot improve. With our BEC Latest Test Collection Materials learning materials, you can spend less time but learn more knowledge than others. You have seen Omgzlook's AICPA BEC Latest Test Collection Materials exam training materials, it is time to make a choice. You can choose other products, but you have to know that Omgzlook can bring you infinite interests. In order to facilitate the user's offline reading, the BEC Latest Test Collection Materials study braindumps can better use the time of debris to learn, especially to develop PDF mode for users.
AICPA Certification BEC When choosing a product, you will be entangled.
While others are playing games online, you can do online BEC - CPA Business Environment and Concepts Latest Test Collection Materials exam questions. We can meet all your requirements and solve all your problems by our BEC Reliable Test Question certification guide. In recent years, the market has been plagued by the proliferation of learning products on qualifying examinations, so it is extremely difficult to find and select our BEC Reliable Test Question test questions in many similar products.
Besides, the simulate test environment will help you to be familiar with the BEC Latest Test Collection Materials actual test. With the BEC Latest Test Collection Materials test engine, you can practice until you make the test all correct. In addition, it is very easy and convenient to make notes during the study for BEC Latest Test Collection Materials real test, which can facilitate your reviewing.
AICPA BEC Latest Test Collection Materials - Stop hesitating.
Research indicates that the success of our highly-praised BEC Latest Test Collection Materials test questions owes to our endless efforts for the easily operated practice system. Most feedback received from our candidates tell the truth that our BEC Latest Test Collection Materials guide torrent implement good practices, systems as well as strengthen our ability to launch newer and more competitive products. Accompanying with our BEC Latest Test Collection Materials exam dumps, we educate our candidates with less complicated Q&A but more essential information, which in a way makes you acquire more knowledge and enhance your self-cultivation. And our BEC Latest Test Collection Materials exam dumps also add vivid examples and accurate charts to stimulate those exceptional cases you may be confronted with. You can rely on our BEC Latest Test Collection Materials test questions, and we’ll do the utmost to help you succeed.
It will help you to accelerate your knowledge and improve your professional ability by using our BEC Latest Test Collection Materials vce dumps. We are so proud of helping our candidates go through BEC Latest Test Collection Materials real exam in their first attempt quickly.
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.
First, you can see the high hit rate on the website that can straightly proved our Cisco 300-740 study braindumps are famous all over the world. By using our online training, you may rest assured that you grasp the key points of Amazon SAA-C03-KR dumps torrent for the practice test. So you can choose the version of Microsoft PL-300-KR training quiz according to your personal preference. With the help of our study guide, you will save lots of time to practice Microsoft MD-102 vce pdf and boost confidence in solving the difficult questions. ITIL ITIL-DSV - When you apply for a job you could have more opportunities than others.
Updated: May 26, 2022