Which Term Refers to the Fact That Many Customers Who

question 230

Multiple Choice

Which term refers to the fact that many customers who buy products offering rebates never go to the trouble of redeeming the rebates?

• A) cognitive dissonance
• B) breakage
• C) float
• D) slippage

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Definitions:

Working Capital

Current assets minus current liabilities, indicating the liquidity available to a business for day-to-day operations.

Closing Entry

An accounting transaction recorded at the end of an accounting period to transfer the balances of temporary accounts to permanent ones.

Capital

Refers to financial assets or the financial value of assets, such as funds held in deposit accounts and/or funds obtained from special financing sources.