________ Is a Change in Method or Technology That Is

question 32

Multiple Choice

________ is a change in method or technology that is a useful departure from previous ways of doing things.

• A)Innovation
• B)Integration
• C)Reinforcement
• D)Diffusion
• E)Arbitration

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Definitions:

Purchase Returns And Allowances

Transactions where a buyer returns goods to the seller or receives a reduction in the purchase price for unsatisfactory goods.

Purchase Discounts

Reductions in price granted by suppliers to buyers for prompt payment or purchase volume.

Net Purchases

The total amount of goods purchased for resale, minus returns and allowances, plus freight and other acquisition costs.

Net Sales

Net sales is the total revenue from goods and services sold by a business, minus returns, allowances, and discounts, indicating the actual sales revenue.