When a Market-Based Transfer Price Is Not Possible,a Transfer Price

question 66

True/False

When a market-based transfer price is not possible,a transfer price imposed by upper management should preserve a sense of fairness among the divisions of the company affected by the transfer.

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Definitions:

Mens Rea

The legal principle of intent that must be proven in many crimes, referring to the criminal intent of the perpetrator.

White-collar Crimes

Non-violent crimes committed by individuals, typically during the course of their business activities, involving deception for financial gain.

Non-violent Offenses

Crimes that do not involve the use of any force or injury to the body of another person, such as theft or fraud.

Imprisonment

The act of confining someone in a prison or as if in a prison as a legal punishment.