Like many other professional organizations and businesses, the American Marketing Association has developed a formal, written guideline to help its members make better ethical decisions. This document is a:
A. behavioral practice
B. moral ruling
C. code of ethics
D. direction of value
E. principled regulation
Answer: C
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Which of the following accounts is increased by a debit entry?
a. Common Stock (Capital Stock) b. Equipment c. Unearned Subscription Revenue d. Notes Payable
In a limited liability partnership (LLP) death or withdrawal of a partner:
A. results in automatic transfer of ownership to surviving partner(s). B. has no effect on the partnership. C. always results in termination of the partnership. D. may result in problems trying to find a market for the shares.
Some retailers feel that their potential customers find certain prices appealing but that prices within certain ranges are seen as roughly the same, and thus price cuts within a given range will not increase the quantity sold (i.e., the demand curve is vertical within these "same price" ranges). These retailers would probably use ________ if they want to maximize profit.
A. prestige pricing B. bait pricing C. leader pricing D. psychological pricing E. average-cost pricing
The person to whom the order in a draft is addressed is known as the:? A) payee
B) drawee. C) drawer. D) maker.