Which One of the Following Statements About Supplier Options Is

question 8

Multiple Choice

Which one of the following statements about supplier options is incorrect -

• A)an asset account may be selected as the default expense account
• B)print contact on cheques only if the field has an address or department
• C)only the no tax code is available if you choose No as the tax exempt option
• D)you can send e-mails to suppliers

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Definitions:

Perfectly Competitive

A market structure characterized by many buyers and sellers, homogeneous products, and free entry and exit from the market.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Single-Price Monopolist

A market dominance condition where a monopolist charges the same price for all units of a product sold to every consumer.

Perfectly Price Discriminate

A theoretical pricing strategy where a seller charges the maximum price each individual consumer is willing to pay, capturing all consumer surplus.