A one-price policy means
A. offering the same price to all customers who purchase products under essentially the same conditions and in the same quantities.
B. never using temporary sales or rebates.
C. setting a price at the "right" level from the start and never changing it.
D. selling to different customers at different prices.
E. None of these answers is correct.
Answer: A
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Which of the following is not a requirement of Sarbanes-Oxley?
a. Annual report must include an internal control report b. External auditors can no longer provide human resource services c. External auditors can no longer provide brokerage services d. Must establish an internal control system that guarantees financial accuracy
Briefly discuss "actual cause" and "proximate cause," and explain the test for determining whether each of these necessary elements of negligence are present in a given case.
What will be an ideal response?
A prepaid expense, such as the purchase of insurance for an upcoming period, is initially recorded in the accounting system as a(n) ________
a. liability b. revenue c. asset d. expense
ROA in financial planning stands for ______.
A. return on assets B. return on audit C. record of assets D. record of administration