Examlex

Solved

Suppose That You Are Having a Garage Sale, and Have

question 84

Multiple Choice

Suppose that you are having a garage sale, and have decided to negotiate with buyers rather than display fixed prices.Your technique is to quote an astronomically high price (e.g., R10 000 for a broken exercise bicycle) , and then 'bargain' by coming down to a lower, more reasonable price.You hope that the lower price will then appear to be supremely fair.You are apparently using the ____.


Definitions:

Payroll Register

A document that summarizes the wages, deductions, and net pay for all employees for a specific payroll period.

Deductions

Amounts subtracted from gross income or revenue to determine taxable income, which can include expenses, allowances, and exemptions.

Contingent Liabilities

Liabilities that could arise based on the result of an upcoming event.

Future Event

An occurrence or situation that has not yet happened but is expected or likely to occur.

Related Questions