In revenue-orientated pricing, prices vary with different market segments' ability to pay
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
Revenue-oriented pricing focuses on maximizing the surplus of income over costs. In patronage-orientated pricing, prices vary with different market segments' ability to pay.
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The major environmental concerns include all of the following, except:
A) Acid rain B) Greenwashing C) Air pollution D) Ecosystems E) Energy production
Rufina Corp sold for $20,000 plant assets that cost $40,000 and that had an accumulated depreciation of $8,000. The journal entry to record the transaction is:
A) Cash 20,000 Plant Assets 20,000 B) Plant Assets 32,000 Cash 32,000 C) Cash 20,000 Accumulated Depreciation 8,000Loss on Sale of Plant Assets 12,000Plant Assets 40,000 D) Cash 20,000 Loss on Sale of Plant Assets 12,000Plant Assets 32,000
Cash outflows for overhead expenditures is shown on:
A) the materials purchases budget. B) the investing activity section of the cash summary budget. C) the cash disbursements budget. D) the cash receipts budget.
Highly customer-oriented salespeople do all of the following except
A. engage in behavior that will lead to long-term customer satisfaction. B. avoid actions that sacrifice customer interest for the sake of short-term benefit to the company. C. understand that the impact on a customer of a bad buying decision is usually greater than the impact on a salesperson of a lost deal. D. strive to see things from their own company's perspective in order to boost sales. E. recognize the social landscape under which large, complex sales are typically made.