Since 1983 the NCAA Has Enforced Increasingly Strict Rules About

question 1

Multiple Choice

Since 1983 the NCAA has enforced increasingly strict rules about academic standards.A major goal of these rules has been to

• A)eliminate special academic support programs for student-athletes.
• B)make faculty members aware of the importance of sports on college campuses.
• C)alert high school students of the importance of academic achievement.
• D)give rewards to universities that eliminate big-time athletic programs.

---

Definitions:

Net Method

A way to record purchases of inventory with a discount for early payment, where the purchase is recorded at the net of the discount and the discount is lost if not taken.

Net Approach Method

A pricing method where the net price after all discounts is shown in the invoice.

Periodic Inventory System

An inventory valuation method where the inventory is physically counted at specific intervals and the cost of goods sold is calculated thereafter.

Discounts Lost

Costs incurred when a payment discount is not taken advantage of within the specified discount period.