Which of the Following Government Actions Would Require a Capital

question 69

Multiple Choice

Which of the following government actions would require a capital budgeting decision?

• A) an increase in factoring requirements imposed by our bank
• B) an increase in collection service fees imposed by our collection agency
• C) an increase in sales taxes on all items sold after the first of next year
• D) an increase in the number of wheelchair ramps available for customers entering our business

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Definitions:

Impossibility

A concept in contract law where unanticipated events make the fulfillment of a contract's terms unfeasible or unable to be completed.

Substitute

An alternative or replacement for something else, particularly in the context of products, goods, or services.

Statute of Limitations

A law that sets the maximum time after an event within which legal proceedings may be initiated.

Parol Evidence Rule

A legal principle that prevents the use of oral statements or extrinsic evidence to contradict or add to the terms of a written contract.