All,except One,of the Following Statements Are Valid Arguments in Favour

question 31

Multiple Choice

All,except one,of the following statements are valid arguments in favour of advertising.Which one is the exception?

• A)Advertising provides consumers with information.
• B)Advertising reduces the search time needed by consumers to acquire products.
• C)Advertising increases the barriers to entry into an industry and thereby enhances competition.
• D)Advertising can lower the prices of products by reducing the firms' average cost through increased output levels.
• E)Advertising increases the availability of radio and television program choices for the consumer.

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Definitions:

General Journal

A ledger where all financial transactions of a business are initially recorded using double-entry bookkeeping.

Purchases Journal

A financial journal used to record all purchases of goods and services on credit.

Return Supplies

Returned goods or materials that were previously purchased, which can reduce the payable amount or be exchanged for credit.

Account Recorded

This refers to the entry or documentation of financial transactions in the appropriate accounts within a company's financial records.