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NEW QUESTION 44
A college bookstore sells textbooks at a 15 percent discount to professors while successfully selling the same books at full price to students. What conditions are present so that the bookstore can charge different prices? (Select all that apply.)

  • A. The books can also be purchased online.
  • B. The demand for the books is elastic.
  • C. The bookstore has few close competitors.
  • D. Professors are unable to resell books.
  • E. The bookstore is owned by the college where it sells books.

Answer: C,D

 

NEW QUESTION 45
Which of the following options is an example of a biased question? (Select all that apply.)

  • A. Should Congress increase the federal minimum wage?
  • B. What should the federal minimum wage be?
  • C. Would it be better to replace the federal minimum wage with a living wage?
  • D. Should the federal minimum wage be changed?
  • E. Should the federal minimum wage be increased even though it would cost private businesses billions of dollars?

Answer: C,E

 

NEW QUESTION 46
What are the items that companies using the International Financial Reporting Standards (IFRS) might place in different sections within the statement of cash flows compared to those reporting under US Generally Accepted Accounting Principles (GAAP)?

  • A. Capital expenditures and depreciation
  • B. Interest and dividends
  • C. Inventory and net income changes
  • D. Loan payments and stock issued

Answer: B

 

NEW QUESTION 47
On the way to purchase a shirt, a consumer realizes that the shirt is on sale for 20 percent off its original price. What is an outcome of this scenario?

  • A. The customer will buy more shirts.
  • B. The customer will capture more value from the purchase.
  • C. The customer’s willingness to pay for the shirt will fall.
  • D. The supplier will price the shirt below its willingness to sell.

Answer: B

 

NEW QUESTION 48
……

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