Inside a Freely-Falling Elevator You Would Have No

question 19

Multiple Choice

Inside a freely-falling elevator you would have no

• A)gravitational force on you.
• B)weight.
• C)both of these
• D)none of the above

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Definitions:

Economic Transactions

Acts of buying, selling, or trading goods, services, or financial assets in the economy.

Cost Principle

An accounting principle that states all goods and services purchased by a business must be recorded at their historical cost, not their current value.

Monetary Unit

A standard unit of value in which economic transactions are recorded and the primary currency used within an economy.

Legal Taxable Entity

An organization or individual that is recognized by law as a separate legal entity for tax purposes.