A Deduction from List Price for Purchasing Large Quantities Aggregated

question 53

Multiple Choice

A deduction from list price for purchasing large quantities aggregated over a stated period of time is a

• A) noncumulative quantity discount.
• B) additive cash discount.
• C) cumulative quantity discount.
• D) cumulative discount allowance.
• E) additive quantity reduction.

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Definitions:

Encoding

The process of converting information into a form that can be stored in memory.

Short-Term Memory

The capacity for holding a small amount of information in an active, readily available state for a short period of time.

Echoic

Pertaining to auditory processing, specifically the memory system that retains auditory information.

Atkinson And Shiffrin

Atkinson and Shiffrin developed the multi-store model of memory, which proposes that memory consists of three stores: a sensory register, short-term memory, and long-term memory.