A local diner offers a lunch special during the week for $5.99. On Wednesdays, senior citizens can get the same lunch special for $4.99. This is a form of predatory pricing.
Answer the following statement true (T) or false (F)
False
Charging different customers different prices for the same product is referred to as price discrimination. This form of pricing is illegal only if it injures competition.
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Which of the following statements is not true?
a. Routine payroll processing begins with the submission of time cards. b. Payroll clerks must verify the hours reported on the time cards. c. Payroll reconciles personnel action forms with time cards and prepares paychecks. d. Cash disbursements signs paychecks and forwards them to the paymaster for distribution.
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What will be an ideal response?
A claim in recoupment:
A. must arise from the transaction that gave rise to the instrument. B. can make a person a holder in due course even if he knows about it before the negotiation. C. is actually not an offset to liability, but a defense to an instrument. D. is a claim of the original payee against the obligor of the instrument.
Many services have aspects that consumers may never be able to evaluate, even years after the purchase and consumption of the service. These attributes are called
A. search qualities. B. performance attributes. C. experience qualities. D. immeasurable attributes. E. credence qualities.