Which of the following service providers are most likely to use demand-based pricing?

A. Dentists
B. Lawyers
C. Doctors
D. Hair stylists
E. Cruise ships


Answer: E

Business

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The result of closing entries is that balances in all temporary accounts

a. are adjusted to historical cost. b. include monthly depreciation. c. are adjusted to zero. d. are adjusted to budgeted amounts. e. are adjusted to current values.

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Which of the following is a limitation of using product placement as an advertising medium?

A) high clutter B) non-captive audience C) low reach D) high costs

Business

The ________ is the right of a seller or lessor to demand the return of goods from the buyer or lessee under specified situations

A) right to dispose of goods B) right to recover damages C) right to recover purchase price D) right to reclaim goods

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For the business judgment rule to apply, the manager must

a. be trying to resolve a conflict of interest. b. have exercised extraordinary care in resolving the situation. c. have acted in the best interests of the corporation. d. prove he or she was aware of the decision being made.

Business