A basis point is ________
A) one-thousandth of a percentage point
B) one percentage point
C) one-tenth of a percentage point
D) one-hundredth of a percentage point
Answer: D
Business
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The pricing of issues from inventory must be deferred until the end of the accounting period under the following method of inventory valuation:
a. moving average. b. weighted-average. c. LIFO perpetual. d. FIFO.
Business
James was injured in an auto accident caused by another motorist's negligence. To reimburse him for his hospital bills and lost earnings, items which can be specifically itemized, James will receive
A) punitive damages. B) special damages. C) imputed damages. D) general damages.
Business