Freight-Absorption Pricing Basically Amounts to Cutting List Price on Sales

question 152

True/False

Freight-absorption pricing basically amounts to cutting list price on sales to distant customers.

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Definitions:

Bargaining Unit

A group of employees with a clear and identifiable community of interests who are represented by a single labor union in negotiations with employers.

Labour Relations Board

A governmental authority that oversees and resolves disputes involving labor and management practices.

Collective Bargaining

The process by which employers and a group of employees negotiate labor contracts concerning wages, hours, benefits, and other working conditions.

Vicarious Liability

The liability at law of one person for the acts of another.