If merchandise sold on account is returned to the seller, the seller may inform the customer of the details by issuing a

A) sales invoice
B) purchase invoice
C) credit memo
D) debit memo


C

Business

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In enacting Section 2 of the Clayton Act, Congress was concerned with sellers who sought to harm or eliminate their competitors through:

a. mergers. b. price discrimination. c. tying arrangements. d. None of these.

Business

In a decision tree, a circle node represents a(n) ______.

a. independent event b. dependent event c. predictable event d. chance event

Business

Raymond agrees to transfer an easement right to Sandra for $1,000. This contract is within the statute of frauds and therefore needs to be in writing to be enforceable

Indicate whether the statement is true or false

Business

External environmental elements do not affect the operation of a small business.

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

Business