When the government imposes a quota on sales of a good or service,it usually licenses the right to sell a given quantity of the good.The market price of the license is equal to the:

A) demand price of the good.
B) wedge that represents the difference between the demand price and the supply price.
C) supply price of the good.
D) equilibrium price of the good.

The units of an item available for sale during the year were as follows: There are 19 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost using LIFO.

As the interest rate rises a business firm would

A) become less inclined to invest.
B) become more inclined to invest.
C) continue to invest at the same level.

___ is a process of attracting, developing, and maintaining a talented work force.

A) Customer relationship management
B) Human resource management
C) Database management
D) Supply chain management
E) Enterprise feedback management

Which input factor to group process concerns providing support in the form of information, material resources, technology, spatial arrangements, organisation structures and rewards?

A) Group norms
B) Nature of the tasks
C) Team size
D) Organisational setting
E) Membership characteristics

In the ___ view, ethical behaviour respects and protects fundamental rights.

A) individualism
B) justice
C) moral rights
D) utilitarian
E) humanitarian rights

Which of the following types of taxes achieves vertical equity: a proportional tax, regressive tax, and/or progressive tax?

Liam works with four other accounting professionals as a team within one company.Liam doesn't particularly agree with many of his teammates' ideas, such as leaving work early and failing to double-check some account entries.However, he works comfortably with the group because their behavior and decisions are predictable.What foundation of trust does Liam have in this team?

A) Calculus-based
B) Identification-based
C) Knowledge-based
D) Evaluation-based
E) Liam has no trust at all in this team