A Company Uses the Sales Returns and Allowances Account to Record

question 176

Multiple Choice

A company uses the Sales Returns and Allowances account to record

• A) a discount offered for a large quantity purchase.
• B) a discount received from a supplier to encourage prompt payment.
• C) returns of inventory to suppliers.
• D) customer returns of prior sales.

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Definitions:

Leader Substitutes

Factors in a work environment that diminish the need for a leader, such as highly knowledgeable teams or comprehensive work processes.

Transformational Leadership Model

describes a leadership approach that causes change in individuals and social systems, inspiring followers to exceed their own interests for the good of the group or organization.

Idealized Influence

A leadership behavior characterized by acting as a strong role model with high ethical standards.

Extrinsic Motivation

Motivation driven by external rewards, such as money, fame, grades, or praise, rather than intrinsic enjoyment or interest in the task itself.