Self-service pumps with credit card readers increase gas station productivity, but lead to higher costs because of additional fees
Indicate whether the statement is true or false
False
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The controller at Business Services Consulting needs new computers for the accounting department. However, there are no guidelines specifying whether the controller can approve purchases of office equipment. Which internal control procedure needs strengthening?
A) assignment of responsibilities B) competent, reliable, and ethical personnel C) separation of duties D) documents
The ________ seeks to prevent unfair price discrimination by ensuring that sellers offer the same price terms to customers at a given price level
A) FTC's "Guides against Deceptive Pricing" B) Robinson-Patman Act C) Sherman Act D) Clayton Act E) Automobile Information Disclosure Act
Answer the following statements true (T) or false (F)
The concept of full payout refers to the lessee making all required payments according to the lease agreement.
The primary function of most wholesalers is to
A. support the needs of the manufacturers and provide them with market information. B. provide for the unique needs of the individual retailers buying their merchandise. C. provide information system tracking of inventory for the ultimate consumer. D. perform physical distribution of products from manufacturers to retailers. E. develop and share database information about customers.