An Expense Need Not Be Recurring in Order to Be

question 79

True/False

An expense need not be recurring in order to be "ordinary."

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Definitions:

Price Stabilization

A set of measures or actions taken to maintain the price level of goods and services, preventing significant fluctuations.

Competition Tribunal

A specialized court-like body empowered to adjudicate on matters of competition law and ensure market fairness.

Penalty Provisions

Clauses in a contract or legislation that impose punishments or fines for the breach of certain terms or laws.

Competition Act

Legislation aimed at preventing anti-competitive practices in the marketplace, ensuring fair competition between businesses.