An Example of a Positive Statement Is

question 47

Multiple Choice

An example of a positive statement is:

• A) The rate of unemployment is 4 percent.
• B) A high rate of economic growth is good for the country.
• C) Everyone in the country needs to be covered by national health insurance.
• D) Baseball players should not be paid higher salaries than the president of the United States.

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Definitions:

Perpetual Inventory System

A system for managing inventory accounts that automatically updates the sale or purchase records using computerized point-of-sale technology and software for enterprise asset management.

Merchandise Inventory

The total value of a company’s goods that are available for sale to customers, comprising both raw materials and finished products.

Trade Discounts

Discounts from the list prices in published catalogs or special discounts offered to certain classes of buyers.

List Prices

The pre-discount price at which goods and services are listed to be sold to customers.