Cost of goods sold is shown at which of the following on a standard cost income statement?
A) Standard cost
B) Actual cost
C) Neither A nor B
D) Both A and B
D
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False, deceptive, or misleading advertisements are prohibited by law. Which of the following would be considered prima facie evidence of false advertising?
a. The name of the broker is inadvertently misspelled in a display ad. b. An ad for the sale of a house fails to disclose the selling price c. An ad implies that the yield on a note is higher than the note's actual interest rate d. An ad is placed that includes a map suggesting the wrong location of the property
Which of the following serves as an incentive to bring private actions for the enforcement of antitrust laws?
A) fines and imprisonment B) precedents rendered by administrative law judges C) presidential commendations D) triple the amount for damages and reasonable attorney fees