What types of price-fixing agreements are considered horizontal price-fixing?
Horizontal price-fixing agreements include (1) setting prices (including maximum prices); (2) setting the terms of sale, such as customer credit terms; (3) setting the quantity or quality of goods to be manufactured or made available for sale; and (4) rigging bids.
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Which of the following is the best reason to separate duties in a manual system?
a. to avoid collusion between the programmer and the computer operator b. to ensure that supervision is not required c. to prevent the record keeper from authorizing transactions d. to enable the firm to function more efficiently
The Internal Revenue Service (IRS) allows companies to use a depreciation method known as the ________
a. straight–line method b. double–declining–balance method c. units–of–production method d. Modified Accelerated Cost Recovery System
Businesses are all very concerned with the bottom line. The bottom line is:
a. assets = liabilities + owners’ equity b. total income c. owners’ equity divided by total expenses d. total revenues – total expenses e. all assets of the company
The ________ is the crucial moment between the service provider and the customer that exemplifies, enhances, or detracts from the customer's expectations
Fill in the blanks with correct word