Charging different prices to different buyers for identical goods is price discrimination

a. True
b. False
Indicate whether the statement is true or false


True

Business

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A "normal" value for days of receivables outstanding might be?

a. 0 b. 10 c. 45 d. 150

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Courts are more likely to uphold an exemption clause in a contract between two companies than if the contract is between a consumer and a company

Indicate whether the statement is true or false

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Which of the following terms is used to describe the process of expense recognition for property, plant and equipment?

A. Depletion B. Revision C. Amortization D. Depreciation

Business

You've been attending the same Presbyterian Church for the last 11 years, and the Pastor has asked you to serve as Church Secretary and manage the office. One of your tasks will be to put together the bulletin for services each Sunday, but you'd also like to create a website for the church. When you tell the Pastor, he thinks it's a wonderful idea, and sets aside some money to pay for the

creation of the church's website. After a diligent search for qualified candidates, you've come up with two. The only trouble is that the best candidate is not Presbyterian, but Anglican. Can you hire her? a. no; because this is a Presbyterian Church, you must hire a Presbyterian b. yes; Title VII contains an exemption for religious bodies who hire for secular positions c. yes; Title VII is not relevant. Although most churches prefer to hire members of their own flock even for secular positions, there is no requirement to do so. d. none of these

Business