What should a company do if its competitor's product contains features that are not available in its own product?
What will be an ideal response?
In such a situation, the company should subtract the value of those features from the price of its product.
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Which of the following is not an example of deceptive advertising?
A. Using a term like "clearance price" when the item is not being sold at a reduced rate. B. Misrepresenting the prices of competitors. C. Artificially inflating the original retail price of an item so that when it is featured as a sale item, it looks more marked down than it actually is. D. Claiming that for the price, the item is the best money can buy.
What should an audit team do when it discovers that fraud risk factors are present on an audit engagement?
a. Retract from the client and inform regulatory bodies. b. Modify procedures to actively search for the existence of fraud. c. Reduce the amount of evidence required and resort to management inquiry. d. Turn the audit over to forensic accountants.
New media are mutually active and allow users to probe, question, and constantly find information. What are four interactive technologies beyond the Internet?
What will be an ideal response?
Informal institutions work on the principle of
A. what goes round comes round. B. shared norms and values. C. group consensus. D. social guilt.