Which is NOT an essential element of an ordinary annuity ?
A. The amounts of all payments are equal.
B. The payments are made at equal interval of time.
C. The first payment is made at the beginning of the first period.
D. Compound interest is paid on all amounts in the annuity.
29.Theseareproductsorservicesthatarerequired to support human life and activities, thatwill be purchased in somewhat the same quantityeven though the price varies considerably.a. Utilitiesb. Necessitiesc. Luxuriesd.Product goods and services
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South-Western Federal Taxation 2020: Corporations, Partnerships, Estates and Trusts
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30.Aconditionwhereonlyfewindividualsproduce a certain product and that any action ofone will lead to almost the same action of theothers.a. Oligopolyb. Semi-monopolyc. Monopolyd.Perfect competition
30.Aconditionwhereonlyfewindividualsproduce a certain productand that any action ofone will lead to almost the same action of theothers.a. Oligopolyb. Semi-monopolyc. Monopolyd.Perfect competition
31. GATT stands for:a.General Agreement of Tariff and Tradeb.General Arrangement of Tariff and Tradec.Global Agreement of Tariff and Traded.General Arrangement of Tariff and Trade
31.GATTstands for:a.General Agreement of Tariff and Tradeb.General Arrangement of Tariff and Tradec.Global Agreement of Tariff and Traded.General Arrangement of Tariff and Trade
32.“Whenone of the factors or production isfixedinquantityorisdifficulttoincrease,increasing the other factors of production willresult in a less than proportionate increase inoutput”.a.Law of diminishing returnb.Law of Supplyc.Law of Demandd.Law of Supply and Demand
32.“Whenone of the factors or production isfixedinquantityorisdifficulttoincrease,increasing the other factors of production willresult in a lessthan proportionate increase inoutput”.a.Law of diminishing returnb.Law of Supplyc.Law of Demandd.Law of Supply and Demand
33.“Whenfree competition exists, the price of aproduct will be that value where supply is equal tothedemand”.a.Law of diminishing returnb.Law of Supplyc.Law of Demandd.Law of Supply and Demand
33.“Whenfree competition exists, the price of aproduct will be thatvalue where supply is equal tothe demand”.a.Law of diminishing returnb.Law of Supplyc.Law of Demandd.Law of Supply and Demand
34. The quantity of a certain commodity that isbought at a certain price at a given time and place.a. Demandb. Supplyc. Marketd. Utility
34. Thequantity of a certain commodity that isbought at a certain priceat a given time and place.a. Demandb. Supplyc. Marketd. Utility
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South-Western Federal Taxation 2020: Corporations, Partnerships, Estates and Trusts
Raabe/Young/Nellen/Hoffman
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