All of the Following Factors Can Affect Demand EXCEPT

question 61

Multiple Choice

All of the following factors can affect demand EXCEPT:

• A)inelastic demand
• B)laws and regulations
• C)social factors
• D)demographic trends
• E)economic factors

Recognize the treatment and recording of purchase discounts under different methods.

Understand the accounting treatment for payment of vouchers within and after discount periods.

Master the categorization of accounts and understand their normal balances, reporting in financial statements, and nature (permanent/temporary).

Understand different categories of accounts in accounting.

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Definitions:

Confederal

A form of government where various states or entities join together for common purposes but maintain substantial independence and sovereignty.

Federal

Pertaining to a system of government where power is divided between a central authority and constituent political units, such as states or provinces.

Unitary

A system of government where all the powers rest in a single, central authority.

Confederal

A confederal system, also denoted, is a political structure where independent states join together for certain purposes but maintain their sovereignty, often seen in the handling of common defense or foreign policy.