Which of the Following Is an Example of a Barrier

question 47

Multiple Choice

Which of the following is an example of a barrier to entry?

• A)Matthew offers free samples of his latest flavored coffee drink to entice customers to buy a cup.
• B)Mark charges a lower price to students than to faculty for his tattoo services.
• C)Luke charges a higher hourly price to business students than to liberal arts students for his economics tutoring.
• D)John obtained a copyright for the song he wrote and recorded.

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Definitions:

Tax Concessions

Special exemptions, deductions, or credits provided in the tax code to encourage certain business activities or investments.

Qualitative Characteristics

The attributes that make the information provided in financial statements useful to users, such as relevance and reliability.

Financial Reports

Documents that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.

Comparability

An accounting principle that enables the financial information of a company to be compared over different periods and with other companies, enhancing the usefulness of financial statements.