Managerial accounting:
(a) is governed by generally accepted accounting principles
(b) places emphasis on special-purpose information
(c) pertains to the entity as a whoe and is highly integrated
(d) is limited to cost data
Ans: (b) places emphasis on special-purpose information
Business
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Sales departments have traditionally been organized by all of the following EXCEPT which one?
a. competitive nature b. product line c. geographic region d. industry
Business
General Electric Co. was accused of conspiring with De Beers Centenary AG to set a price for industrial diamonds, which are used on industrial cutting tools. As a result, what were the two companies charged with?
a. channel control pricing tactics b. unfair trade practices c. price discrimination d. price fixing
Business