Every organization has an informal communication network, or grapevine.
Answer the following statement true (T) or false (F)
True
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Which of the following is a characteristic of a periodic inventory system?
A) The system does not maintain a continuous record of the quantities of inventory on hand or inventory sold B) The system reports how much inventory is on hand at all times. C) The computer tracks inventory upon a sale, and the cost of goods and inventory are immediately updated. D) Purchases of inventory are recorded to the inventory account.
The organized financial intermediaries and the forums that promote the cycle of money is a good definition of which of the following main areas of finance?
A) Corporate finance B) Investments C) Financial institutions and markets D) International finance
The liability protection that the corporate form of ownership provides for its shareholders is known as ______________________________.
Fill in the blank(s) with the appropriate word(s).
Phillip Esten operates a mail store in which he offers various services such as packaging items for shipment, delivering items to overnight services, and a fax machine. Esten charges $4.00 for deliveries for one-time customers and $2.00 for deliveries for his account customers. Esten's prices:
A) are a violation of the Robinson-Patman Act B) are not covered under the Robinson-Patman Act. C) constitute price discrimination. D) None of the above