The Convert Drop-Down List of Options for Sales and Purchases

question 24

Multiple Choice

The Convert drop-down list of options for sales and purchases journals allows you -

• A)to remove a quote so you can change it to an order
• B)to remove an order so you can change it to an invoice
• C)convert orders to quotes before filling them
• D)convert quotes or orders to invoices

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Definitions:

Soviet Union

A former federal socialist state in Eurasia that existed from 1922 to 1991, made up of 15 republics, and was the largest country in the world.

Competition

The rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume.

American Industry

Refers to the manufacturing and economic sectors of the United States which contribute to its Gross Domestic Product (GDP).

Influence Over Price

Influence over price describes the extent to which a producer or a group of producers can determine the selling price of their goods or services in the market.