Which of the following statements is true?
A. Research shows that most customers are somewhat satisfied and feel that companies usually deliver on their promises.
B. Research shows that most customers are satisfied and feel that companies deliver on their promises.
C. Research shows that many customers are not satisfied and feel that some companies do not deliver on their promises.
D. None of these answers is correct.
Answer: C
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When the Fed engages in an overnight reverse repo
A. a bank agrees to hold a certain amount of clearing balances at the Fed. B. the fed sells securities and agrees to buy them back in one day. C. a primary government securities dealer agrees to sell a security to the Fed one day and buy it back the next day. D. The Fed repossesses property that a bank owns as punishment for the bank's failure to pay off a discount loan.
It is acceptable to record cash received in advance of providing products or services to revenue accounts if an adjusting entry is made at the end of the period to bring the liability account balance to the correct unearned amount.
Answer the following statement true (T) or false (F)
Which of the following statements about installment notes is correct?
A. With each subsequent payment on an installment note, the amount of the principal paid remains unchanged. B. With each subsequent payment on an installment note, the amount of the principal paid decreases. C. With each subsequent payment on an installment note, the amount of interest expense increases. D. With each subsequent payment on an installment note, the amount of interest expense decreases.
Pads & Pods Corporation requires all distributors of its products to sell the products at specified minimum prices. This resale price maintenance agreement is A) a per se violation of antitrust law
B) a legal restraint of trade. C) subject to evaluation under the rule of reason. D) not subject to antitrust law.