A tort is a private or civil wrong or injury that can be caused either intentionally or negligently
Indicate whether the statement is true or false
True
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If a firm competes in a capital-intensive industry with excess capacity, all of the following are true except:
a. price increases will be less likely. b. price increases will be more likely. c. companies in competitive industries face high exit barriers. d. companies in competitive industries may experience future price decreases.
The principles of guestology can be applied appropriately to ______.
a. internal customers b. external customers c. both internal and external customers d. neither internal nor external customers
Which of the following will be listed in the operating section of the statement of cash flows that is prepared using the indirect method?
A) collections from customers B) payments to suppliers C) interest received D) increases/decreases in current liabilities
A reduction in price that is offered to customers who accept slightly damaged or soiled merchandise is referred to as
A. a sales discount. B. cost of goods sold. C. a sales allowance. D. an operating expense. E. a sales return.