Generally accepted accounting principles regulate how and what financial information is reported by businesses

Indicate whether the statement is true or false


True

Business

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The last semester grades of Nancy, a freshman at a local college are shown below. ? Course Credit Hours Grades Physics 5 C Calculus 4 A Biology 5 B Music 3 C P.E. 1 A ? The local university uses a 4 point grading system, i.e., A = 4, B = 3, C = 2, D = 1, F = 0. Compute Nancy’s semester grade point average.

What will be an ideal response?

Business

When museums charge a lower admission fee to students and senior citizens, this form of price discrimination is known as ________ pricing

A) location B) channel C) customer-segment D) special-customer E) loss-leader

Business

To compute a product's profit or product margin, the product's sales and direct costs are needed in addition to the overhead costs computed in an activity-based costing system.

Answer the following statement true (T) or false (F)

Business

Cleo is part of a team with a collective sense of belonging. This can be referred to as ______.

A. synergy B. team viability C. team affect D. team creativity

Business