The Dress Barn Offered Its Customers a Reduction in Price

question 180

Multiple Choice

The Dress Barn offered its customers a reduction in price on some clothing items that were slightly faded from being in the window at the front of the store. This reduction is called a

• A) cost of goods sold.
• B) sales allowance.
• C) sales return.
• D) sales discount.
• E) sales bargain.

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Definitions:

National Norms

Statistical standards that represent the average performance or behavior of a specific national population, often used in standardized testing.

Mode

The value that appears most frequently in a data set, a measure of central tendency in statistics.

Interquartile Range

A measure of variability in statistics, calculated by subtracting the value at the first quartile from the value at the third quartile, reflecting the spread of the middle 50% of data points.

National Counseling Exam

A comprehensive assessment administered to evaluate the knowledge and skills of those seeking to become licensed professional counselors.