Match the Following: A.Conclusively Presumed Unreasonable and Therefore Illegal.b.Acquisition by One Company of One

question 4

Essay

Match the following:
a.Conclusively presumed unreasonable and therefore illegal.b.Acquisition by one company of a competing company.c.Established environmental protection as a goal of federal policy;created the Council on Environmental Quality and requires an EIS in certain circumstances.d.Company's acquisition of one of its suppliers or customers.e.An illegal form of sexual discrimination that includes unwelcome sexual advances,requests for sexual favors,and other verbal or physical conduct of a sexual nature.f.Presidential order,for example,President Johnson's order prohibiting discrimination by federal contractors on the basis of race,color,sex,religion,or national origin on any work performed by the contractors of the federal contract.g.Includes any note,stock,bond,preorganization subscription,and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).h.A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.i.A general invitation to all shareholders to purchase their shares at a specified price for a specified time.j.Not recognized by the common law or federal law,although some states have adopted statutes granting some form of this.k.Enacted to assure workers of a safe and healthful work environment.l.Transaction involving delayed payment for goods,services,or land to be used for personal,household,or family purposes.m.Having the characteristics of being novel,useful,and not obvious.n.Requires advertisers to have a reasonable basis for their claims.o.Prohibits a written warranty from disclaiming any implied warranty.p.Foreign country's freedom from a host country's laws.q.Any business that engages in transactions involving the movement of goods,information,money,people,or services across national borders.r.Controlled by trade barriers on imports and exports.s.Statutes prohibiting anticompetitive practices and seeking to prevent unreasonable concentrations of economic power.t.Superfund;established a national contingency plan for responding to releases of hazardous substances and established a trust fund to pay for cleanup and removal of hazardous waste.u.The judicial branch of the United Nations that has voluntary jurisdiction over nations.
-multinational enterprise (MNE)

Understand the concept and purpose of closing entries in the accounting process.

Identify the components and preparation processes of the statement of financial position and the statement of changes in equity.

Comprehend the principles and guidelines under IFRS for recognizing revenue.

Understand the necessity and preparation of adjusting and closing entries before the production of financial statements.

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Definitions:

Absorption Cost

A method of product costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead.

Mark-Up Percentage

Mark-up percentage is the ratio between the cost of a good or service and its selling price, expressed as a percentage over the cost, indicating the profit margin.

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment compared to its initial cost.

Cost-Plus Pricing

A pricing approach that involves adding a consistent percentage or fixed sum to the production cost of a product or service to set its sale price.