An Automobile Company Published an Advertisement Which Said That Prices

question 30

Multiple Choice

An automobile company published an advertisement which said that prices for the latest model on offer started at $10,000 with an interest rate of 10 percent.The ad showed the logo and picture of a new model.When an interested customer spoke with the authorized dealer mentioned in the ad, he was informed that the bargain price was not for the latest model, but for the older model.This is an example of:

• A)price fixing.
• B)price discrimination.
• C)predatory pricing.
• D)misleading advertising.
• E)resale price maintenance.

Understand the purpose and function of a voucher in the internal control over cash payments.

Recognize warning signs of weaknesses in internal control systems.

Understand the role and importance of the Sarbanes-Oxley Act in promoting strong internal control systems.

Identify the types of transactions considered as cash and the significance of each in internal control.

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Definitions:

Toothbrushes

Oral hygiene instruments consisting of a small brush on a handle used to clean teeth.

Acquires

Acquires pertains to obtaining ownership or control of something, often referring to companies taking over other businesses.

Manufacturer

A company or individual engaged in the production of goods for sale using raw materials and components.

Frozen Yogurt

A frozen dessert made with yogurt and sometimes other dairy products, often served as an alternative to ice cream.