Max Visits a Local Electronics Store to Buy a New

question 69

Multiple Choice

Max visits a local electronics store to buy a new laptop. After deciding on a certain brand and model, the sales assistant also convinces him to buy a wireless router and a thumb drive. This situation is an example of ________.

• A) hard-selling
• B) down-selling
• C) cross-selling
• D) up-selling

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Definitions:

Construction In Progress

The balance sheet account that represents the costs incurred on a construction project during the period it is actively being worked on.

Anticipated Losses

Expected financial deficits that are predicted based on current circumstances or activities.

Completed Contract

An accounting method where revenue and income are recognized only after a contract is finished or the work is completely done.

Percentage Of Completion

An accounting method used to recognize revenue and expenses of long-term contracts proportionally as the contract progresses toward completion.