Borrowed $4,000, signing a 5%, 60 day promissory note. Debit ________ Credit ________

Fill in the blank with the appropriate word.

Answer: Debit 1, Credit 5

Business

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One feature that distinguishes nonprofit organization pricing decisions from profit-sector pricing decisions also exists in the profit sector, but there it is considered to be an undesirable, temporary situation. An example is university tuition. What is this practice?

a. nonfinancial prices b. separation between payers and users c. the lost pricing objective d. below-cost pricing

Business

The term share of customer is synonymous with share of market

Indicate whether the statement is true or false

Business