The market situation in which only a few large firms compete in offering very similar marketing mixes to customers is called
A. capitalistic competition.
B. oligopoly.
C. monopoly.
D. monopolistic competition.
E. pure competition.
Answer: B
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Employers in the United States are legally required to provide 30 days of paid vacation to both new and existing employees every year.
Answer the following statement true (T) or false (F)
The Responsibilities section of the Principles Underlying an Audit Conducted in Accordance with GAAS states that auditors are responsible for having appropriate competence and:
A. independence with respect to the financial statements and supplementary disclosures. B. capabilities to perform the audit. C. exercising professional care as judged by peer reviewers. D. objectivity as an auditor as verified by proper supervision.
Upon request, an employer has an obligation to provide information such as job evaluation data, health and safety statistics, and wage information to the union if it is necessary for representing the workers effectively.
Answer the following statement true (T) or false (F)
A(n) ______ is a transaction in which the agreement between two parties is specifically stated, whether orally or in writing.
A. non-contract B. express contract C. implied contract D. quasi-contract