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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
e1A. ConCept ▶ Austin Corporation operates a minimart. Which of Austin’s actions described below are business transactions? Explain why any other actions are not consid- ered business transactions.
1.   Austin reduces the price of a gallon of milk in order to match the price offered by a competitor.
2.   Austin pays a high school student cash for cleaning up the driveway behind the market.
3.   Austin fills an employee’s car with gasoline in payment for the employee restocking the vending machines and the snack food shelves.
4.   Austin pays interest to a stockholder on a loan made to the business three years ago.
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