Which Type of Discount Is a Price Reduction Offered to a Customer

question 170

Multiple Choice

Which type of discount is a price reduction offered to a customer in return for prompt payment of a bill?

• A) quantity discount
• B) cash discount
• C) rebate
• D) functional discount
• E) promotional allowance

Distinguish between different types of agency relationships and their implications.

Grasp the legal principles surrounding the creation of agency through appearance, ratification, and agreement.

Recognize the legal rights and duties inherent in the principal-agent relationship.

Differentiate between an agent, an independent contractor, and an employee.

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Definitions:

Job Description

A written statement that describes the duties, responsibilities, required qualifications, and reporting relationships of a particular job.

Responsibilities

The tasks or duties that are required to be performed as part of a job role or position, often associated with accountability.

Tasks

Specific activities or assignments that need to be completed, often as part of a larger project or job role.

Work Processes

The methods and practices through which tasks are systematically completed in a work environment.