The withholding of material information in a contract relationship is an ethical issue as well as misrepresentation
Indicate whether the statement is true or false
TRUE
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Which of the following statements is true of geographic pricing for freight?
A. Freight absorption pricing is atactic that requires a buyer to absorb the freight costs from the shipping point. B. Uniform delivered pricingdivides the United States into segments or zones and charges a flat freight rate to all customers in a given zone. C. Postage stamp pricing is adopted when the marketing manager wants total coststo be equal for all purchasers of identical products. D. With basing-point pricing, a seller designates a location as a basing point so that all buyers are not charged the freight cost from that point.
For each item below, indicate whether a debit or a credit applies
a. Increase in Art Fees Earned b. Decrease in Prepaid Rent c. Decrease in Unearned Fees d. Increase in Common Stock e. Increase in Depreciation Expense, Buildings f. Increase in Interest Receivable g. Decrease in Retained Earnings h. Increase in Dividends i. Increase in Notes Payable
The Code and the Restatement have no provisions for discharge of contractual duties in cases involving commercial impracticability
a. True b. False Indicate whether the statement is true or false
An appropriate objective for a manufacturing firm is to maximize total inventory
Indicate whether the statement is true or false