A refund of the purchase price, increased warranty, or partial credit on the next purchase would
be listed on the income statement as returns and allowances.
Indicate whether the statement is true or false
TRUE
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The Uniform Commercial Code (UCC) states that contracts for the sale of goods costing $500 or more are not enforceable without being evidenced by writing or other specified evidence.
Answer the following statement true (T) or false (F)
The five forces of competitive pressures do not include
A. the threat of new entrants into the market. B. the attempts of companies in other industries to win customers over to their own substitute products. C. the market maneuvering and jockeying for buyer patronage that goes on among rival sellers in the industry. D. the power and influence of social/demographic trends. E. the bargaining power of suppliers and seller-supplier collaboration.
Which of the following bases of power is essential to people who have to work with people from other departments and organizations?
A. Reward power B. Legitimate power C. Expert power D. Referent power
The only types of transactions covered under the Foreign Corrupt Practices Act are those that involve contracts with foreign governments
Indicate whether the statement is true or false