Which one of the following events involves a liability for a business?
a. Loans to be repaid to banks
b. Inventories purchased for cash
c. Amounts invested by the owners
d. Stock sold to the general public
a
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When Microsoft introduced its Windows NT network operating system, it gave buyers free Web server software. At the same time, Netscape was trying to sell similar Web server software for $4,999. Once Microsoft got a lion's share of the market, and Netscape's market share declined substantially, Microsoft began charging above-market price for its Web server software. Many people thought Microsoft was guilty of which of the following?
a. unfair trade practices b. price discrimination c. price fixing d. predatory pricing
Under a mortgage, the mortgagor is the party who:
a. lends the money b. receives the payments on the note c. holds the mortgage d. is the borrower