Which of the Following Is a Positive Statement

question 6

Multiple Choice

Which of the following is a positive statement?

• A) The President of the United States ought to be elected by a direct vote of the American people rather than the Electoral College.
• B) A fundamental assumption of the economic theory of consumer behavior is that consumers always prefer having more of any good to having less of it.
• C) Because many adults cannot afford to go to college, tax credits for tuition should be introduced.
• D) all of the above
• E) none of the above

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Definitions:

Par Value

The face value of a bond or the stock value stated in the corporate charter, which is typically a minimal amount not reflective of the market value.

Installment Note

A debt instrument that requires a series of payments over time, often including both interest and principal.

Annual End-Of-Year

A term typically referring to financial transactions or reports that are calculated, summarized, or finalized at the end of the fiscal year.

Journal Entries

Records of financial transactions in the accounting system, detailing the accounts affected and whether they are debits or credits.