Among the Two Most Important Methods Economists Use to Identify

question 50

Multiple Choice

Among the two most important methods economists use to identify illegal discrimination are

• A)"regression" techniques.
• B)random number simulations.
• C)laboratory experiments.
• D)lottery number analyses.

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Definitions:

Net Method

A method of recording purchases or invoices at their net price after deducting any purchase discounts.

Invoice Paid

A document or notation indicating that payment has been made for a particular invoice, clearing the amount owed.

Periodic Inventory Method

A method of inventory valuation where the cost of goods sold is determined at the end of an accounting period based on a physical count.

Voucher System

A control mechanism in accounting that uses vouchers to record transactions and ensure that every payment is properly authorized.