Vertical restraints of trade are arrangements between:

a. manufacturers at the same level of production b. manufactures in the same geographical area
c. distributors of the same size
d. small-sized sellers and large-sized sellers e. none of the other choices


e

Business

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A copy of the purchase order (PO) is sent to the

a. vendor b. accounts payable function c. receive goods function d. all of the above

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Objectivity means carrying out one's professional responsibilities with competence and diligence

Indicate whether the statement is true or false

Business

Greg transfers property on August 8 of the current year with an adjusted basis of $40,000 and an FMV of $90,000 to his ex-wife as a property settlement that is part of their divorce agreement. The property settlement agreement and the divorce were both finalized on June 3 of the current year. Greg has made a gift of

A. $0. B. $90,000. C. $40,000. D. $80,000.

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A(n) ________ is a promise to deliver specific benefits associated with products or services to consumers

A) service B) brand C) license D) patent E) alliance

Business