The Consumer Financial Protection Bureau was created in 2010 to ensure that credit card companies are treated fairly

Indicate whether the statement is true or false.


Answer: FALSE

Business

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Which ethical principle states that if an action cannot be taken repeatedly, then it's not right to take at all?

A. Universalism B. the Slippery Slope C. the Social Contract Rule D. the Golden Rule

Business

A new product carries a low price for a limited period of time to attract customers in what type of pricing strategy?

A) price skimming B) trial pricing C) penetration pricing D) specialty pricing E) price bundling

Business

What is the concept of the family life cycle based on?

a. the premise that travel patterns and destinations vary as people live together b. the premise that when people live together their way of life changes c. the study of non-nuclear families d. none of the above

Business

The following data have been provided by Lopus Corporation: Budgeted production 2,600unitsStandard machine-hours per unit 2.7machine-hoursStandard lubricants$4.20per machine-hourStandard supplies$2.90per machine-hour    Actual production 2,900unitsActual machine-hours 8,080machine-hoursActual lubricants (total)$35,151 Actual supplies (total)$23,038 ?Required: ?Compute the variable overhead rate variances for lubricants and for supplies. Indicate whether each of the variances is favorable (F) or unfavorable (U).

What will be an ideal response?

Business