A Price Reduction to Customers Who Pay Their Bills Promptly

question 39

Multiple Choice

A price reduction to customers who pay their bills promptly is called

• A) a sales allowance.
• B) cost of goods sold.
• C) an operating expense.
• D) a sales discount.
• E) a sales return.

---

Definitions:

HIPAA

The Health Insurance Portability and Accountability Act, a U.S. law designed to protect patient health information privacy and security.

Medical Assisting Educational Review Board

An organization that evaluates and accredits medical assisting programs to ensure they meet specific educational standards.

Competency-Based Education

An educational approach that focuses on equipping students with specific skills and competencies, rather than time-based learning.

Commission On Accreditation Of Allied Health Education Programs

An organization responsible for accrediting educational programs in the allied health professions to ensure they meet specific quality standards.