George believes that antitrust policy should lead to more efficient markets. Based on George's view, which of the following statements is true?
A) George subscribes to both the Chicago and the Harvard Schools of antitrust policy.
B) George subscribes to neither the Chicago School nor the Harvard School of antitrust policy.
C) George subscribes to the Chicago School, but not the Harvard School of antitrust policy.
D) George subscribes to the Harvard School, but not the Chicago School of antitrust policy.
A
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The purpose of accrual basis accounting is to
A. report revenue when received B. improve the matching of revenue and expense in the proper period C. report expenses when cash disbursements are made D. improve the company's net income
Which of the following statements regarding fraternal benefit societies is NOT true?
A) They are organized under a lodge system. B) Policies are called contracts. C) The society exists for the benefit of its members. D) Life insurance is a benefit of membership."