Choose the Word or Phrase in [ ] Which Will

question 147

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-During the past few decades,the percent of our income that we as a nation spend on health care has [increased | decreased].

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Definitions:

Net Price Method

A pricing strategy taking into account all available discounts and rebates to determine the final purchase price.

Purchase Discounts Taken

Reductions in the purchase price of goods or services, realized for paying early or within a specified period.

Credit Terms

The conditions under which credit will be extended to a customer, including the repayment time frame and any interest or fees that apply.

Periodic System

An inventory valuation method where physical inventory counts are done periodically to determine the cost of goods sold and the ending inventory level.