Which of the following is an acceptable consideration for a contract?
A) arrest
B) penalty
C) money
D) sentence
C
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Which of the following is a characteristic of an inter-enterprise information system?
A. It does not require users to have any formal training. B. Its problem solutions affect multiple organizations. C. It is flexible and easily adaptable to organizational changes. D. It increases data duplication among departments. E. It supports 10-100 users.
When Apple introduced its iPhone, it was priced at $599. This allowed Apple to earn the maximum amount of revenue from the various segments of the market. Two months after the introduction, the price had come down to $399
What kind of a pricing did Apple adopt? A) loss-leader pricing B) market-penetration pricing C) market-skimming pricing D) target-return pricing E) value pricing
Which pair of accounts follows the rules of debit and credit in the same manner?
A) Service Revenue and Equipment B) Land and Dividends C) Notes Payable and Buildings D) Wages Expense and Service Revenue
Conversion cost is the sum of direct labor cost and manufacturing overhead cost.
Answer the following statement true (T) or false (F)