In Which of the Following Markets Is One More Likely

question 83

Multiple Choice

In which of the following markets is one more likely to observe ordinary price discrimination rather than block pricing?

• A)buying potatoes at your neighbourhood convenience store
• B)banking services
• C)the cable TV services
• D)the local telephony services

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Definitions:

Adjusted Trial Balance

A financial statement that lists all accounts and their balances after adjustments have been made.

Expense Accounts

Accounts that track the costs of operating a company including costs of goods sold, operating expenses, and non-operating expenses.

Owner's Capital

The total assets contributed by the owner of a company plus the retained earnings minus withdrawals made by the owner.

Journalize Closing Entries

The process of recording year-end closing entries in the journal to prepare the accounts for the next fiscal period.