Third degree price discrimination is defined as:
a. While rarely prosecuted, it is illegal and a misdemeanor versus a felony as defined by the Surface Transportation Board Act
b. charging different prices to different buyers who use the same commodity or service
c. permissible only when the buyer has requested rebates
d. the least serious type of discrimination as versus first degree
B
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Which of the following statement present an example of a general control for a computerized system?
A. Creating hash totals from social security number for the weekly payroll. B. Limiting entry of sales transactions to only valid credit customers. C. Restricting access to the computer center by use of biometric devices. D. Restricting entry of accounts payable transactions to only authorized users.
Which of the following is correct?
A) Total assets + Partner's equity = Total liabilities. B) Total assets + Partner's equity - Total liabilities = Total equity. C) Total assets - Partner's equity = Total liabilities. D) Total assets + Total liabilities = Partner's equity.
Are ethical individuals more (or less) likely to be better leaders? Use the theories you have learned in this book to support your arguments.
What will be an ideal response?
When no-par value stock does not have a stated value, the entire proceeds from the issuance of the stock becomes legal capital in some states
Indicate whether the statement is true or false