If a nonmonetary exchange lacks commercial substance, and cash is received, a partial gain or loss is recognized.

a. true
b. false

Ans: b. false

Business

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If a company must expand capacity to accept a special order, it is likely that there will be

a) an increase in fixed costs. b) no increase in fixed costs. c) an increase in variable and fixed costs per unit. d) an increase in unit variable costs.

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If a prospective client does not want to buy from you because she feels the price is too high, you are facing an objection due to ________

A) psychological resistance B) logical resistance C) apathy D) relationship inertia E) reactance

Business