Concentration of Industries Can Lead to External Economies for All

question 64

Multiple Choice

Concentration of industries can lead to external economies for all of the following reasons EXCEPT

• A)concentrated industries will not be competitive.
• B)concentrated industries will attract a network of input suppliers.
• C)concentrated industries will attract a deep pool of skilled labor.
• D)concentrated industries will experience knowledge spillovers.

Evaluate the validity of syllogisms using the traditional view of existential import on Venn diagrams.

Understand the structure and representation of disjunctive propositions.

Comprehend the concept of negation in logical propositions.

Understand the equivalence between different forms of propositions involving negation.

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Definitions:

Credit Sales

Sales made by a business where payment is delayed, as opposed to cash sales where payment is immediate.

Cash Receipts Journal

An accounting ledger that tracks all cash inflows or receipts of a business over a period.

Debit To Cash

An accounting entry that increases the cash balance in the company's ledger.

Collections From Customers

The process of receiving payments from customers for goods or services provided or sold.