What type of account is a Bad Debts Expense?
A) Asset
B) Expense
C) Contra Asset
D) Liability
Answer: B
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What technique can most efficiently lessen water shortages caused by droughts?
a. restricting water usage of consumers b. allowing price to equate the quantity demanded of water with the quantity supplied of water c. imposing tight price controls on water d. arresting anyone who wastes water
Martha and John work in a factory. The factory pays each worker $5 per hour plus $.25 per
piece of work completed. John is always paid more money than Martha, because John can work faster than Martha can. This situation is: A) Legal, because of a defined merit system. B) Legal, because the pay is based on a difference in quantity or quality of work. C) Legal, because of a seniority system. D) Legal, because the pay is based on "some factor other than sex." E) Illegal, because of pay discrimination.