Identify the five major federal government agencies that deal with some aspect of marketing and its primary responsibility
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1. Food and Drug Administration—regulates and oversees the packaging and labeling of products and the promotion of drugs.
2. Federal Communications Commission—regulates television, radio, and the telephone industry.
3. U.S. Postal Service—has jurisdiction over all mailed marketing materials.
4. Bureau of Alcohol, Tobacco, and Firearms—oversees the sale and distribution of alcohol, tobacco, and firearms.
5. Federal Trade Commission—oversees antitrust situations and is responsible for regulating the advertising industry, especially investigating false and deceptive advertising.
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Builders Inc. and Concrete Supply Company enter into a contract for a sale of cement. Concrete delivers, but Builders does not pay. Concrete can recover as damages
A. any profit lost minus any loss avoided. B. whatever amount Concrete wishes to claim. C. the purchase price plus incidental damages. D. the market price at the place at which Concrete delivered the goods.
In an organization, codes and rules prove to be meaningless if ethical behavior is not enforced.
Answer the following statement true (T) or false (F)
The unadjusted cash account balance for Carson Company at December 31 is $12,615. The bank statement showed an ending balance of $18,250 at December 31. The following information is available from an examination of the bank statement and the company's accounting records:Bank service charge$20Outstanding checks7,500NSF check from a customer425Deposits in transit1,222Check #433 for the purchase of inventory was written correctly and paid by the bank correctly for $432, but was recorded on the books at $234. Carson uses the perpetual inventory system.Required:a) Determine the true cash balance by preparing a bank reconciliation as of December 31.
What will be an ideal response?
A ________ cost changes in total in proportion to changes in the volume of activity.
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