________ Refers to the Use of Secondary User IDs or Bidders

question 56

Short Answer

________ refers to the use of secondary user IDs or bidders who have no actual intention to buy to artificially raise the price of an item.

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Definitions:

Merchandise Defective

Goods received or in inventory that do not meet the seller's or buyer's specifications and may need to be returned or discarded.

Net Method

An accounting method where discounts for early payment are anticipated and recorded as reductions of the cost of purchases or an expense.

Discount Period

The time frame in which a payment can be made at a reduced rate from the total invoiced amount, typically to encourage early payment.

Periodic Inventory System

An inventory accounting system where updates are made on a periodic basis, not continuously.