Taxation practice questions

Question: Some of the cash flows shown on a time line can be in the form of annuity payments while others can be uneven amounts. True False

Answer Choices:

Answer: True

Question: Some of the cash flows shown on a time line can be in the form of annuity payments but none can be uneven amounts. True False

Answer Choices:

Answer: False

Question: If the discount (or interest) rate is positive, the present value of an expected series of payments will always exceed the future value of the same series. True False

Answer Choices:

Answer: False

Question: If the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the present value of the same series. True False

Answer Choices:

Answer: True

Question: Disregarding risk, if money has time value, it is impossible for the present value of a given sum to exceed its future value. True False

Answer Choices:

Answer: True

Question: Disregarding risk, if money has time value, it is impossible for the future value of a given sum to exceed its present value. True False

Answer Choices:

Answer: False

Question: If a bank compounds savings accounts quarterly, the nominal rate will exceed the effective annual rate. True False

Answer Choices:

Answer: False

Question: At the end of Part II: Logotherapy in a Nutshell and in the Afterword commentary by William Winslade, we learn that Frankl was forthright with his patients and audiences about the importance of shouldering one’s burdens and dealing out an aim to live correctly. To assert accountability, duty, commitment, and moral obligations to do what is right. When he spoke to American audiences, Frankl was fond of saying, “I recommend that the Statue of Liberty on the East Coast be supplemented with a Statue of ____ on the West Coast.” This underscores Frankl’s belief that freedom and ____ are two sides of the same coin.

Answer Choices:

Answer: B – Responsibility

Question: The term “colonialism” is typically associated with:

Answer Choices:

Answer: C – European expansion from about 1500 to 1800 CE

Question: Colonialism in this sense refers to: looted, economic, political, and cultural control of a territory and its people by the territory they inhabit, or the external demand of tribute, by indigenous groups.

Answer Choices:

Answer: B – False

Question: As noted by ______, innovation can also be a way for marginal groups to resist oppression.

Answer Choices:

Answer: C – Sahlins

Question: _________ is often been billed by religious fanatics, demonic terrorists, Russian secret police, transnational terrorists attacks, and drone attacks.

Answer Choices:

Answer: C – State

Question: The term “hyperglobalists” describes and identifies some of the “scepters” or those of people, things, and ideas, and those they shape:

Answer Choices:

Answer: E – Post-1970s

Question: In North America in the turn of the twentieth century, the introduction of manufacturing in the cities led to many job opportunities, but also meant that fewer people had access to land for subsistence agriculture.

Answer Choices:

Answer: A – True

Question: “Hybridity” refers to the attitudes, preferences, and dispositions that people learn as they grow up in their culture, and is the basis for their lifestyle and their personal “tastes.”

Answer Choices:

Answer: B – False

Question: The “world-system” is better used by social scientists to refer to the way people adopt some aspects of new global lifestyles but try to hold on to visible global features in their neighborhoods.

Answer Choices:

Answer: A – True

Question: The term “globalization” refers to the way people adopt global ideas into forms that they can relate to and use on the local level.

Answer Choices:

Answer: A – True

Question: According to the World Tourism Organization (which is associated with the United Nations), approximately one in 11 jobs relate in some way to tourism, which is one of the fastest-growing ______ sectors, worldwide.

Answer Choices:

Answer: A – commercial