BML Final Set 4 Question Preview (ID: 9500)


BML Final Set 4. TEACHERS: click here for quick copy question ID numbers.

Sales taxes are collected by
a) the buyer.
b) the seller.
c) the government directly.
d) Barack Obama.

Sales taxes are based on
a) the amount of money you make.
b) the value of real property you own.
c) the value of the good or service being purchased.
d) the amount of money the government needs at the moment.

Property taxes primarily fund
a) the military.
b) public schools.
c) social programs.
d) foreign aid.

Property taxes are based on
a) the amount of money you make.
b) the value of real property you own.
c) the value of the good or service being purchased.
d) the amount of money the government needs at the moment.

The federal government's largest single source of income is
a) corporate income taxes.
b) personal income taxes.
c) tariffs.
d) payroll taxes.

Which of these is a nonrenewable resource?
a) oil
b) lumber
c) paper
d) wind energy

Which of these is a renewable resource?
a) coal
b) gasoline
c) solar energy
d) gold

Who is the largest employer in the United States?
a) McDonald's
b) Wal-Mart
c) General Motors
d) government

Legally enforceable contracts require
a) a written confirmation of the deal.
b) offer, acceptance, consideration, and must be for something legally able to be sold or exchanged.
c) signatures of all parties involved.
d) all of these.

When discussing contracts, the term 'consideration' is
a) the requirement that each party must take into account the needs of the other party.
b) wording that is kind and unobjectionable to all parties.
c) something of measurable value that must be exchanged by the parties involved.
d) none of these.

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