Which of the Following Statements Is True of the Factors

question 48

Multiple Choice

Which of the following statements is true of the factors to be considered by a businessperson before appealing a decision?

• A) Appellate courts are usually composed of a grand jury.
• B) A favorable ruling in an appellate court has precedential value.
• C) Attorneys are less expensive to hire for an appeal than an initial trial.
• D) The appeal should not allege that a prejudicial error occurred during the trial.

---

Definitions:

Merchandise Inventory

Goods or products on hand that are available for sale by a retailer or wholesaler.

Discount

A reduction in the price of goods or services, often to encourage prompt payment or increase sales.

Accounts Payable

The amounts a company owes because it purchased goods or services on credit from a supplier or vendor.

Discount Period

The time frame in which a payment can be made at a reduced rate, usually before a specified due date.