________ Allowances Are Price Reductions Given for Turning in an Old

question 116

Multiple Choice

________ allowances are price reductions given for turning in an old item when buying a new one.

• A) Promotional
• B) Trade-in
• C) Depreciation
• D) Segmented
• E) Functional

---

Definitions:

Defined Benefit Plan

A retirement plan in which an employer commits to paying a specified pension amount to employees upon retirement, based on factors like salary history and length of employment.

Defined Contribution Plan

A type of retirement plan where employees, employers, or both make contributions on a regular basis, but the benefits received at retirement depend on the performance of the investments.

Vested

A status where an employee has earned the right to receive full benefits from an employer's pension or retirement plan, typically after a specified period of service.

Employer

An individual or organization that hires and pays people to work for them.