Which of the following is not a discount provided to business customers?
A. Trade
B. Quantity
C. Cash
D. Seasonal
E. Differentiated
Answer: E
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Which of the following sections of the IMF Articles of Agreement requires a member to buy its own currency from other members who have acquired it as the result of current transactions?
A. Section 2(a) of Article VIII B. Section 2(b) of Article VIII C. Section 5 of Article VIII D. Section 4 of Article VIII
A company's flexible budget for 12,000 units of production showed total contribution margin of $24,000 and fixed costs, $16,000. The operating income expected if the company produces and sells 15,000 units is:
A. $8,000. B. $14,000. C. $34,000. D. $18,667. E. $10,000.
An employee has been developing a company product for the last 3 years when he decides to leave the company. That product is a glue that remains tacky for hours, enabling certain types of artwork to be performed. After he leaves the company, the employee joins another company and finalizes the glue development for his new company. Who is likely to own the rights of the intellectual property involved in the formulation of the glue?
a. The employee; he invented it. b. The original company who paid for the product to be developed. c. The new company because the product was released while the employee worked for them. d. The glue cannot be considered intellectual property.
Pete's Pizza employs Quincy as a delivery driver. Pete's guarantees that an order will be delivered within thirty minutes or there is no charge, and insists that its drivers meet the limit. One night, while making a delivery, Quincy is caught in a traffic jam. To deliver the pizza within the thirty-minute time limit, Quincy drives onto a sidewalk and hits Ruth, a pedestrian. Is Pete's liable to Ruth for her injuries? Is Quincy liable to Ruth? Why or why not?
What will be an ideal response?