Identify a true statement about the financial terms and conditions of a sale.
A. Free on board (FOB) installed indicates that title and responsibility of an equipment are transferred before it is installed and operating properly.
B. The terms and conditions of a sale do not include shipping costs.
C. Promo codes encourage large purchases by passing along savings resulting from reduced processing costs.
D. Figuring out the final actual price is easy, especially in situations with many options and packages rather than standardized products.
E. Factors that affect price are the use of quantity and other discounts, as well as credit and shipping terms.
Answer: E
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Answer the following statements true (T) or false (F)
1. A learning organization is one that actively creates, acquires, and transfers knowledge within itself and is able to modify itself to reflect new knowledge. 2. An information organization has three parts: creating and acquiring knowledge, transferring knowledge, and modifying behavior. 3. Among the functions of a manager in a learning organization are generating and generalizing ideas with impact. 4. Becoming a world citizen includes learning how not to be an "ugly American."
For each of the following variances, state which manager is most likely to be responsible for the variance.
Identify the account used by businesses to record the transfer of assets from a business to its stockholders:
A. An expense account. B. The Common stock account. C. The Dividends account. D. A liability account. E. A revenue account.
Under the indirect method, the net cash flow from financing activities would be the same as if the direct method had been used.
Answer the following statement true (T) or false (F)