Which of the following is the most accurate statement about the Robinson-Patman Act?
A. It has rarely been enforced in recent years.
B. The U.S. government has stepped up its enforcement during the last decade.
C. It has been declared unconstitutional.
D. It was repealed by Congress in 1998.
Answer: A
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Mexican customers generally carry small coins. To keep prices of shampoo and detergent below 11 or 12 pesos, Procter & Gamble is using which method of pricing?
A) price bundling B) target costing C) cost-plus approach D) export price costing E) cost-based pricing
Tolerable misstatement is:
A. materiality allocated to a specific account. B. materiality allocated to an assertion. C. materiality for the income statement as a whole. D. materiality for the balance sheet as a whole.
Which of the following directly preceded the statement of cash flows?
a. The funds flow statement b. The sources and uses of funds statement c. The statement of changes in financial position d. The sources and uses of resources statement
External logistics systems refer to ______.
A. the collection, transportation, and distribution of goods between suppliers and the plant B. the flow of raw materials between steps in the manufacturing process C. the dispatch of goods from plant to quality control center D. the collection, transportation, and distribution of goods between different work stations inside one manufacturing facility