An agent owes a fiduciary duty not to act adversely to the interests of the principal

Which of the following journal entries would be recorded if a business renders service and receives cash of $900 from the customer?

A) Service Revenue 900 Cash 900 B) Service Revenue 900 Accounts Payable 900 C) Cash 900 Service Revenue 900 D) Service Revenue 900 Accounts Receivable 900

If a firm is unable to keep its national markets separate, individuals or businesses may undercut its attempt at price discrimination by engaging in:

A. speculation. B. arbitrage. C. dumping. D. predatory pricing. E. forecasting.