In the 1950s,about _________ of U

question 110

Multiple Choice

In the 1950s,about _________ of U.S.workers were in unions.

• A)one third
• B)one half
• C)one quarter
• D)three quarters

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Definitions:

Purchases Discount

A reduction in the price paid for goods and services if payment is made within a certain period, often used to encourage early payment.

Cash Discounts

A reduction in the invoice amount by a seller to encourage early payment from the buyer, usually within a specified time frame.

Periodic Inventory

An inventory system where stock levels are checked and updated at regular, specified intervals.

Computerized Accounting Systems

Software applications designed to manage and automate financial transactions and records for businesses.