Import Bans,import Quotas,voluntary Export Restraints,and Tariffs on Goods All

question 40

Multiple Choice

Import bans,import quotas,voluntary export restraints,and tariffs on goods all

• A) increase equilibrium quantity and prices.
• B) decrease equilibrium quantity and prices.
• C) increase equilibrium quantities, but decrease prices.
• D) decrease equilibrium quantities, but increase prices.

Evaluate and audit the appropriateness of using the equity method for investment accounting.

Understand the differences in equity method accounting under International Accounting Standards and FASB ASC.

Understand the primary objective of the fair value method of accounting for an investment.

Grasp the procedural steps and conditions under which a change from the fair value method to the equity method of accounting for investments is made.

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Definitions:

Needs

Needs are basic or essential requirements that individuals must have met in order to live, work effectively, and achieve well-being, including physical, social, and psychological necessities.

Creative Behavior

Involves doing things at work that are innovative and that provide some value for the organization.

Expectancy Theory

A motivational theory suggesting that individuals are motivated to act in certain ways based on their expectations of outcomes and the attractiveness of those outcomes.

Interval Schedules

Are partial reinforcement schedules in which behavior is reinforced as a function of the passage of time—for example, rewarding someone every 10 minutes as long as they were exhibiting desired behavior.