In This Age of the Internet,cellular Phones,fax Machines,pagers and E-Mail,managers

question 136

True/False

In this age of the Internet,cellular phones,fax machines,pagers and e-mail,managers can easily become buried in information "infoglut."

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Definitions:

Sales Discount

A reduction in the price of goods or services offered to customers, typically to prompt early payment or bulk purchases.

Contra Revenue Account

An account used to record reductions in gross revenue, such as discounts, returns, and allowances.

Operating Expense

Refers to the costs associated with the day-to-day functions of a business, excluding costs related to production.