The Great Compromise Produced

question 56

Multiple Choice

The Great Compromise produced

• A)checks and balances.
• B)the abolition of slavery.
• C)a bicameral Congress.
• D)separation of powers.
• E)federalism.

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Definitions:

Sales Tax

A government-imposed tax on the sale of goods and services, which is typically a percentage of the sales price paid by the consumer.

Sales Account

An account in a company's financial records that tracks the revenue generated from goods and services sold.

Sales Discount

A reduction in the price of goods or services offered to customers, usually to encourage prompt payment.

Perpetual Inventory System

This technique documents transactions of inventory sales or purchases in real-time, utilizing computer-based point-of-sale systems and software designed for managing company assets.