Sales taxes collected by the retailer are recorded as a(n)

A) revenue.
B) liability.
C) expense.
D) asset.

In a defined-contribution pension plan, the amount an employee is to receive upon retirement is specifically set forth.

The efficiency wage is:

A) a wage at which there is no unemployment, and shirking workers are not counted in the pool of total labor.
B) a wage at which there is a positive amount of unemployment. Individuals who are fired for shirking will be penalized with a period of unemployment.
C) a wage at which there is a shortage of labor. Firms who fire a worker for shirking will be able to hire another one easily.
D) the wage that is paid to high-quality, non-shirking workers. Other workers are paid the market-clearing wage.
E) the wage that subtracts the cost of shirking from the market-clearing wage to determine that which is really paid.

Under Section 11 of the Securities Act of 1933,a defendant (other than the issuer) may establish a defense to liability if the defendant can prove that he/she acted:

A) with due diligence.
B) with scienter.
C) without scienter.
D) without due diligence.

A ________ is an item within a product type that is distinguishable by individual product attributes that serve specific needs.

A) niche
B) sector
C) variant
D) segment

Leete Inc.reported the following results from last year's operations: Last year's margin was closest to:

A) 79.0%
B) 31.0%
C) 20.0%
D) 10.0%