Means "The Study of Knowledge

question 16

Short Answer

means "the study of knowledge."

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Definitions:

Credit Sales

Sales transactions where payment is not received at the time of purchase but is instead deferred to a later date.

Cash Sales

Transactions where goods or services are paid for with cash at the time of the sale.

Sales Discount

is a reduction in the listed price of a product or service offered to customers as an incentive to prompt payment.

Sales Discount

A reduction in the price of goods or services offered by the seller to the buyer as an incentive for early payment.