Lori and Monica Are Looking at the Cans of Coffee

question 181

Multiple Choice

Lori and Monica are looking at the cans of coffee on display at a local supermarket. They are trying to decide which of two different-sized cans is a better buy. Lori attempts to divide the price of each can by the number of ounces of coffee each contains. Monica suggests that "the larger size is usually a better buy." Lori is using a(n) _____; Monica is using a(n) ______.

• A)heuristic; algorithm
• B)algorithm; heuristic
• C)prototype; algorithm
• D)heuristic; prototype

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Definitions:

Master Budget

A comprehensive financial planning document that consolidates all individual budgets related to sales, cost of goods sold, operations, and capital expenditures.

Credit Sales

Sales in which the payment is received after the service is delivered or the goods are sold, typically through an agreement or credit.

Accounts Receivable

Funds that customers owe to a business for products or services that have been provided but remain unpaid.

Credit Sales

Transactions where the customer purchases goods or services on the agreement to pay at a later date, often generating accounts receivable.