Discount That Is Based on the Size of an Individual

question 366

Multiple Choice

discount that is based on the size of an individual purchase order rather than a series of repeat orders is referred to as a(n)

• A) cumulative quantity discount.
• B) bundle pricing.
• C) economic order discount.
• D) noncumulative quantity discount.
• E) promotional allowance.

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Definitions:

Ordinary Shares

Equity shares that represent ownership in a company and give the holder voting rights and a share in the company’s profits through dividends.

Dividends Distributed

Payments made by a corporation to its shareholders, usually derived from the company's earnings.

AASB 9

The Australian Accounting Standards Board standard on Financial Instruments, outlining the requirements for recognizing and measuring financial assets and liabilities.

Fair Value

The amount one would expect to get from selling an asset or the cost to transfer a liability during a regulated transaction involving parties in the market.