________ is the exchange value of a product or service in the marketplace
A) Utility
B) Tangibility
C) Price
D) Wage
E) Salary
C
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When people use money by trading it for goods and services, money is serving the role of a
A. medium of exchange. B. unit of account. C. store of value. D. standard of deferred payment.
Which of the following primary sources is excellent in determining competitor sales pitches, pricing, and other aspects of their activity?
A) employees B) sales force and customers C) suppliers D) Internet newsgroup
In the AON method, the ______.
A. node represents the path to the next project activity B. arrow represents the sequencing of tasks from node to node through the network C. arrow represents the actual time taken to complete a task in a project D. arrow represents the scheduled time to complete a task in a project
Assume that the balance of accounts payable does not change during a period. When preparing a statement of cash flows, an increase in ending inventory over beginning inventory will result in an adjustment to net income under the indirect approach because
A) the amount of cost of goods sold is equal to the amount of cash paid for purchases. B) consumed inventory is an expense but not a use of funds. C) the amount of cost of goods sold on an accrual basis is less than the amount of cash paid for purchases of inventory. D) the amount of cash paid for purchases of inventory is less than the amount of cost of goods sold on an accrual basis.