What Is the Term for Cash Refunds Given for the Purchase

question 96

Multiple Choice

What is the term for cash refunds given for the purchase of a product during a specific period?

• A)cash discount
• B)loss leaders
• C)reciprocal allowances
• D)promotional allowances

Determine depreciation expense using the units-of-output method and its relevance to asset utilization.

Analyze the effects of revising depreciation estimates on the book value and depreciation expense of assets.

Compute and record the depletion expense for natural resources.

Understand and differentiate between various types of assets, including fixed, intangible, and natural resources.

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, through which an individual makes associations between certain behaviors and their consequences.

Table Clearing

The process of removing dishes, utensils, and leftovers from a table after a meal.

Extinction

In behavioral psychology, the process through which a conditioned response decreases or disappears after repeated exposure to the conditioned stimulus without the unconditioned stimulus.

Fixed-Ratio

A reinforcement schedule in which a response is rewarded after a predetermined number of responses have been made.