When businesses work to honor warranties, charge fair prices and stand behind the quality of their products, what stakeholder group are they supporting?

A) Customers
B) Employees
C) Investors
D) Suppliers
E) Local communities

Answer: A
Explanation: A) Businesses that are responsible to their customers strive to treat them fairly and honestly. They also seek to charge fair prices, honor warranties, meet delivery commitments, and stand behind the quality of the products they sell.

Business

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A journal entry to record a receipt of rent revenue in advance will include a

a. debit to rent revenue. b. credit to rent revenue. c. credit to cash. d. credit to unearned rent.

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Imagine you have developed a device that can be used to tell whether uncooked meat has been irradiated. Several smaller retail chains have agreed to carry your product, but a large discount retailer has asked you to sell the device to it for a substantially lower price. What is the large discount retailer asking you to practise?

a. price discrimination b. channel control pricing c. unfair trade practices d. price fixing

Business