For property tax purposes, real property is reassessed:

a. when it is encumbered.
b. semi-annually.
c. annually.
d. when sold.

Answer: d. when sold.

Business

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TRUE or FALSE. Underwriter spreads on corporate bonds reflect substantial economies of scale

a. TRUE b. FALSE

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Fixed costs ________

A) are considered variable costs over the long run B) provide less operating leverage C) reduce the risk of loss D) are graphed as a steeply sloped line

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