Which of the Following Statements About Trade Discount Is NOT

question 7

Multiple Choice

Which of the following statements about trade discount is NOT true?

• A) Trade discount is an incentive for prompt payment.
• B) The amount allowed usually depends on the category of the customer or their normal volume of business.
• C) Most enterprises record only the net amount of the transaction.
• D) The actual price charged is adjusted by the amount of the trade discount.

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Definitions:

Developmental Psychology

Area of psychology in which the psychologists study the changes in the way people think, relate to others, and feel as they age.

Life Span

The maximum length of time an organism is expected to live, or the length of time an individual actually lives.

Developmental Psychology

The scientific study of how and why human beings change over the course of their life, from infancy through childhood, adolescence, adulthood, and aging.

Heredity

Handing down of genetic attributes, including mental and physical traits, from one generation to another.