To Add a Deposit Amount to a Sales Order After

question 11

Multiple Choice

To add a deposit amount to a sales order after recording the order,you would -

• A)reverse the original order and create a new order with the deposit added
• B)bring the order to the screen and adjust it to change the payment method and enter the deposit amount
• C)bring the order to the screen,fill it and add the deposit as a partial payment
• D)you cannot change the payment method so you must enter the deposit in the receipts journal

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Definitions:

Monopoly Power

The ability of a single supplier to control the market price and exclude competitors.

Elasticity of Demand

An assessment of the degree to which the quantity of a good demanded changes in response to its price movement.

Marginal Cost

The additional expenditure involved in making one more unit of a product or service.

Retail Price

The total cost at which a product or service is sold to the end consumer, including any markups by retailers.