A Reduction from the List Price That a Seller Gives

question 120

Multiple Choice

A reduction from the list price that a seller gives a buyer as a reward for some activity of the buyer that is favorable to the seller is called

• A) the pretax price.
• B) the list price.
• C) the manufacturer's suggested retail price (MSRP).
• D) a discount.
• E) a trade-in allowance.

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Definitions:

Static Friction

The frictional force that must be overcome to start moving an object at rest relative to another surface, preventing motion until a certain threshold force is applied.

Drum Brake System

An older style of brake system where brake shoes press outward against a rotating drum attached to the wheel, slowing the vehicle by friction.

Hygroscopic

A property of substances to absorb moisture from the air.

DOT 3

A type of brake fluid that exceeds certain specifications for boiling point and composition, suitable for many vehicles.