The single-tax movement,headed by Henry George,refers to the idea that

A) taxes on rent are less costly to administer than other taxes.
B) rent is a surplus that can be taxed without distorting resource allocation.
C) rent should not be taxed because it is a free gift of nature.
D) rent is based on a derived demand and should not be taxed.

Which of the following is an advantage of having cultural competency in the culture you grew up in?

A) Your response to those of other cultures is generally automatic
B) You don't need to consider the norms of other cultures
C) You understand how your society works
D) You don't have to explain the rules that govern cultures
E) You have stronger intercultural communication skills

College courses on entrepreneurship are standard parts of the curriculum.

In the context of agency theory, agents are more likely than principals to focus on:

A) a long time horizon because they always work for a firm in the long run.
B) a long time horizon because they have less information about the day-to-day business than do principals.
C) a short time horizon because it is usually easier to affect firm performance in the short run.
D) a short time horizon because it is easy for principals to monitor all the decisions made by the agents.

Based upon the following information, which company has the best collection policy? $\begin{array}{ll}\text{ Company A }& 30.4\text{ days }\\ \text{ Company B }& 29.8\text{ days }\\ \text{ Company C }& 12.2\text{ times }\end{array}$

A) Company A
B) Company B
C) Company C
D) Not enough information is available to determine an answer.

If a company purchases merchandise for cash the transaction should be recorded in the

A) purchases journal.
B) general journal.
C) cash payments journal.
D) sales journal.