For good controls over cash payments, the company officer approving a payment voucher should be the same as the person who ordered the goods, to ensure that the correct amount of cash is paid

Indicate whether the statement is true or false

FALSE

Business

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Bigbux is a major producer of whatsits, but it faces competition in the whatsit market from three other major producers. Together, Bigbux and its three large rivals control almost the entire supply of whatsits. The type of market Bigbux is in is called:

A. oligopoly. B. duopoly. C. monopolistic competition. D. quasi-monopoly.

Business

Agent John has given seller Henry an offer that includes the phrase "All kitchen appliances are to be left with the house and become the personal property of the buyer." Henry accepts all of the other terms of the offer, but objects to leaving the appliances. John crosses out that item and initials it on the contract on behalf of the buyers. He does this despite the fact that the buyers are on vacation and cannot be consulted about this. Such action would most accurately be classified as:

A: Beneficial conduct, in the best interest of the buyers; B: Acceptable conduct; C: Unethical conduct; D: Unlawful conduct.

Business