When Choosing Between Alternatives, It May Be Desirable to Conduct

question 5

Multiple Choice

When choosing between alternatives, it may be desirable to conduct a risk analysis, especially where rapid change can occur. If this is the case, which of the following factors may need to be taken into account?

• A) Changes in society
• B) Changes in the economy
• C) Changes in technology
• D) Changes in the workplace
• E) All of these responses are correct.

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Definitions:

Net Sales

Total sales revenue minus returns, allowances for damaged or missing goods, and discounts.

Sales Discounts

Sales discounts are reductions in the price of a product or service offered by a seller to a buyer, usually to encourage prompt payment or bulk purchases.

Sales Returns

Transactions involving the return of sold goods by customers to the seller for a refund or credit, often due to defects or dissatisfaction.

Cash Discount

A reduction in the invoice price granted by the seller to the buyer for paying within a prescribed time period.