Readers expect to see graphics in documents, and they expect graphics to be ______________

Which of the following states that a company must perform strictly proper accounting only for items that are significant to the business's financial statements?

A) conservatism B) materiality concept C) disclosure principle D) consistency principle

The introductory price for the Nintendo Gamecube video game console was $100 lower than the list price of Xbox and Playstation 2, its only two competitors. Given this information, you can assume Nintendo used what type of policy for its Gamecube?

a. cost bundling b. flexible pricing c. penetration pricing d. competitive skimming