Many Service Businesses Use Off-Peak Pricing,which Consists of Charging Different

question 66

Multiple Choice

Many service businesses use off-peak pricing,which consists of charging different prices during different times of the day or days of the week to reflect:

• A)variations in costs of delivering service.
• B)variations in demand for the service.
• C)deviations from standard profit policies.
• D)holidays and other special promotional events.

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Definitions:

Maturity Date

The predetermined date on which a financial instrument, such as a loan or bond, is due to be repaid in full.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Due Date

The due date refers to the specific day on which a payment is due or a task must be completed.

Promissory Note

A financial instrument involving a written promise by one party to pay a definite sum of money to another party under specific terms.