Which of the Following Best Describes a Transfer Price

question 127

Multiple Choice

Which of the following best describes a transfer price?

• A) It is the price charged by an organization when it transfer goods to another organization in lieu of services provided by it.
• B) It is the price that is to be used while calculating revenue from sales to customers for tax purposes.
• C) It is the price that is charged by a department of an organization when it sells its goods to its competitors.
• D) It is the price one subunit charges for a product or service supplied to another subunit of the same organization.

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Definitions:

Nitrites

Chemical compounds that can be used as food preservatives or may form in the body from nitrates, with various health implications.

Surgical Asepsis

A method used to prevent contamination of wounds and other susceptible sites by ensuring an environment that is free from all microorganisms.

Medical Asepsis

The practices used to reduce and prevent the spread of microorganisms and infection, such as handwashing and sanitization.

Sterile Field

An area created to prevent infection during medical procedures by using sterilized equipment and maintaining a clean environment.