Which of the Following Is a Claim of Value

question 33

Multiple Choice

Which of the following is a claim of value?

• A) A group of astronauts from the United States landed on the moon in 1969.
• B) No Place for Old Men should never have been nominated for Best Picture, much less have won it.
• C) We ought to stop prosecuting victimless crimes and find a way for the government to tax them instead.
• D) None of the statements concerns values.

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Definitions:

Incremental Effect

The impact of a particular decision on a company's finances, considering only the changes that directly result from the decision.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Fixed Expenses

Costs that do not change in total regardless of changes in the level of business activity or volume.

Annual Cash Inflow

The total amount of money being received into a business from all sources over the course of a year.