Which of the following laws focuses on price discrimination on goods of "like grade and quality" without cost justification?
A. Antimerger Act
B. Robinson-Patman Act
C. Fair Prices Act
D. Federal Trade Commission Act
E. Magnuson-Moss Act
Answer: B
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What is the ultimate destination for the energized electrons during the light reactions of photosynthesis?
A. They are taken up by NADP+ to produce NADPH. B. They are taken up by NADPH to produce NADP+. C. They are taken up by NAD+ to produce NADH. D. They are taken up by NADH to produce NAD+.
Which of the following statements is true of negligence by an accountant?
A. It is not necessary to notify an appropriate person in management if an accountant has a basis for suspicion of fraud. B. The traditional defenses of contributory negligence and comparative negligence can apply in a negligence action against an accountant. C. The investigative techniques used by accountants will always uncover the fraud of a skillful and careful crook. D. The failure of an accountant to discover fraud by the client's employees or others is in itself proof of negligence by the accountant.
A performance report should contain cost or revenue items that the manager receiving the report can control
Indicate whether the statement is true or false
Federal deposit insurance
A) protects each deposit account up to $100,000. B) protects each depositor up to $100,000. C) protects both the deposit and depositor up to $1,000,000. D) is available only by depositor choice and then a small fee must be paid.