Unlike Proposals, Justification Reports

question 97

Multiple Choice

Unlike proposals, justification reports

• A) are always in memo format.
• B) do not require a great deal of supporting data.
• C) are designed to affirm decisions after they have been made.
• D) are internal as opposed to external reports.

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Definitions:

Net Price

The price that a distributor will charge a customer after any trade discounts have been subtracted from the list price.

Discount Method

A financing or accounting method where interest and other finance charges are subtracted from the loan amount before the borrower receives funds.

Complement Rates

The relationship between two rates where the sum totals a certain whole, often used in contexts like complementary angles or probability.

Equivalent Single Discount

A single, consolidated discount rate that is equivalent in value to a series of multiple discounts applied successively.