In a Closed-Ended Question the Response Options Should Be Mutually

question 62

True/False

In a closed-ended question the response options should be mutually exclusive and exhaustive.

---

Definitions:

Credit

An accounting entry recording an increase in liabilities or equity or a decrease in assets, opposite of a debit.

Terms of Sale

The conditions under which a seller will complete a sales transaction, including payment terms and delivery time.

Sales Returns and Allowances

Refers to the process of refunding or reducing the sale price for previously sold goods that are returned or for which concessions are made.

Accounts Payable

The amount a company owes to suppliers or vendors for goods or services received but not yet paid for.