How Many Significant Digits Are in the Number 1

question 16

Multiple Choice

How many significant digits are in the number 1.30 X 10⁴?

• A)1
• B)2
• C)3
• D)4

---

Definitions:

Trade Discount

A reduction in the listed price of goods or services offered by sellers to buyers in the business-to-business market, often determined by quantity purchased or early payment.

Inventory Account

An account in the general ledger that tracks the value of items a company holds for sale in the ordinary course of business.

Catalog List Price

The advertised price of goods or services in a catalog before any discounts, rebates, or special offers are applied.

Sales Tax

A tax imposed by a government on the sale of goods and services, typically calculated as a percentage of the selling price.