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NEW QUESTION: 1
At your client site, under Payables Options, the Transfer to GL option has been set to Summarize by Accounting Period. The period-end close processes for AP have run and the Payables journals (purchase invoices and payments) have been created and posted in GL. Which statement is true?
A. Drilldown from the journals of category purchase invoices in GL is possible, but not drilldown from journals of category payments.
B. Drilldown from the journals of category payments in GL to Payables is possible, but not drilldown from journals of category purchase invoices.
C. It is not possible to drill down from GL to Payables.
D. It is possible to drill down from journals of categories purchase invoices and payments in GL to Payables.
Answer: D

NEW QUESTION: 2

A. IBM TS7720
B. IBM Tivoli Storage Productively Center
C. IBM TS7620 ProtecTIER
D. IBM TS76500 ProtecTIER
Answer: A

NEW QUESTION: 3
A seller's price is below an appropriate measure of casts. Moreover, the seller has a reasonable prospect of recovering the resulting loss in the future through higher prices or a greater market share. Accordingly, the seller has engaged in:
A. Price discrimination.
B. Dumping.
C. Predatory pricing.
D. Collusive pricing.
Answer: C
Explanation:
Predatory pricing is intentionally pricing below cost to eliminate competition and reduce supply. Federal statutes and many state laws prohibit the practice. The U.S. Supreme Court has held that pricing is predatory when two conditions are met: 1) the seller's price is below an appropriate measure of its costs," and 2) it has a reasonable prospect of
recovering the resulting IOSS through higher prices or greater market share.