________ are firms that enter a market after the first mover.
A. Nonleaders
B. Followers
C. Second movers
D. Market movers
Answer: B
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Trade discounts should be entered in the accounts of the seller at the time of the sale of merchandise
Indicate whether the statement is true or false
Moral idealism refers to
A. a personal moral philosophy that considers individual rights or duties as universal, regardless of the outcome. B. a democratic consensus of moral principles and laws that govern the behavior of individuals based on legislation adopted at the federal, state, and local levels. C. a societal moral philosophy based on the Golden Rule of the Judeo-Christian ethic embodied in the U.S. Constitution's Bill of Rights. D. a formal statement of ethical principles and rules of conduct. E. a personal moral philosophy that focuses on the greatest good for the greatest number by assessing the costs and benefits of the consequences of ethical behavior.
Desi reaches into Edna's pocket and takes her money, without her consent and without her immediate awareness. Unlike robbery, picking pockets does not involve
A. breaking and entering. B. force or fear. C. large amounts of money. D. weapons.
Consumer protection law often requires those dealing with consumers to make certain mandated disclosures
Indicate whether the statement is true or false