Some customers encourage the use of ________ by paying more attention to supposed price discounts than to the actual prices (and values).
A. fair trade prices
B. phony list prices
C. unchanging list prices
D. basic list prices
E. fix prices
Answer: B
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Perfective maintenance is performed to fix errors
Indicate whether the statement is true or false
A brand mantra should be ________
A) original, ambiguous, and straightforward B) unique, complex, and inspirational C) communicative, simple, and inspirational D) competitive, sensitive, and simple E) unique, sensitive, and explanatory
How is the contribution margin calculated when utilizing variable costing?
A) Sales less variable cost of goods sold B) Sales less variable cost of goods sold, less variable selling and administrative expenses C) Sales less cost of goods sold D) Sales less variable cost of goods sold, less variable selling and administrative expenses, less fixed cost of goods sold, less fixed selling and administrative expenses
The income statement is not also called the statement of
a. operations b. operating activity c. profit and loss d. receipts and disbursements e. All of the above are different names assigned to the income statement.