A market economy limits the price that can be charged for goods inside the country

Indicate whether the statement is true or false


FALSE

Business

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The equality of debits and credits in a trial balance means that all entries were correctly posted to the accounts

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

Business

Electrobar, a European manufacturer of industrial kitchenware, sells to industrial canteens, restaurants, hotels, and so forth

The company provides a one-year warranty on all products and also allows customers to pay in installments—they pay 50 percent on delivery and the rest as equal installments. This refers to which element in the "trade-relations mix"? A) price policy B) conditions of sale C) distributors' territorial rights D) exclusive dealings E) mutual services and responsibilities

Business

Once the fraud assessment is complete in the planning stage, the auditor need not consider fraud further

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

Business

Restrictions to prevent foreign producers from dumping low-cost lumber and steel in the United States are considered to be ______.

A. government inspections B. market risks C. import restrictions D. exchange rate risks

Business