The Syntax of the Following Code Fragment Is Correct

question 76

True/False

The syntax of the following code fragment is correct:
IF rec_order.state = 'VA' THEN
lv_tax_num := rec_order.sub * .06;
ELSEIF rec_order.state = 'ME' THEN
lv_tax_num := rec_order.sub * .05;
ELSE
lv_tax_num := rec_order.sub * .04;
END IF

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Definitions:

Total Revenue

The total amount of money received by a company from sales of goods or services, before any expenses are subtracted.

Infant Industry

An industry in its early stages of development, which may be protected by the government from international competition temporarily until it becomes competitive.

Protective Tariffs

Import taxes imposed by a country on foreign goods to protect domestic industries from competition by making imported goods more expensive.

Comparative Advantage

The capacity of an entity to generate a product or service with a lesser opportunity cost compared to others.