While the _____ markup is based on the original retail value, the _____ markup is based on actual prices received for the merchandise

The monetary unit concept:

A) Dictates that the measurement and recording of transactions should be based on reliable and verifiable evidence B) Specifies that a monetary unit be used to measure and record an entity's economic activity C) States that assets are initially measured and recorded at the amounts paid to acquire the assets D) All of the above E) None of the above

Roni discovers that she and a prospect belonged to the same sorority at different colleges in different decades. Should Roni mention this to the prospect?

A) No. Roni should not attempt to use this commonality to gain an unfair advantage in selling. B) No. The prospect will unlikely be interested in any commonalities she shares with Roni. C) Yes. Roni should ask the prospect detailed questions about what sorority life was like ten years earlier in an attempt to understand the older generation. D) Yes. Roni should mention the commonality as a way to establish initial rapport with the prospect. E) Yes. Roni should exploit the commonality to become friends with the prospect and see each other socially so the prospect will definitely buy from Roni.