Messages are implicit and often highly coded in:
A. moderate-context societies.
B. low-context societies.
C. variable-context societies.
D. high-context societies.
Answer: D
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Robusta Coffee Importers sold 7000 units in October at a sales price of $45 per unit. The variable cost is $20 per unit. The monthly fixed costs are $8000. What is the operating income earned in October?
A) $175,000 B) $315,000 C) $167,000 D) $140,000
The accrual basis of accounting:
A. Is generally accepted for external reporting because it is more useful than cash basis for most business decisions. B. Is flawed because it gives complete information about cash flows. C. Eliminates the need for adjusting entries at the end of each period. D. Recognizes expenses when paid in cash. E. Recognizes revenues when received in cash.
____ is an acceptable error number for the RAISE_APPLICATION_ERROR function.
A. -18,000 B. -19,000 C. -20,002 D. -21,000
For a monopoly to be found illegal, which of the following is relevant after market power is established?
a. Single brand market b. Multiple brand market c. Collusion d. Monopolistic intent