How Do Purchase Returns and Allowances and Purchase Discounts Affect

question 162

Multiple Choice

How do purchase returns and allowances and purchase discounts affect gross purchases?

• A)Both are added to purchases.
• B)Both are subtracted from purchases.
• C)Purchase returns and allowances are added to purchases;purchase discounts are subtracted from purchases.
• D)Purchase returns and allowances are subtracted from purchases;purchase discounts are added to purchases.

Understand the concept of cause and effect in economic contexts.

Interpret graphical data and understand the implications of different slopes.

Distinguish between normative and positive statements in economics.

Identify the roles and responsibilities of economists in various governmental departments.

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Definitions:

Emotional Regulation

The skill of handling and responding to emotional events in a positive and effective fashion.

Responsive

Being quick to react or respond to stimuli or to changes in the environment.

Dismissive

Showing little regard; scornful or contemptuous, often implying a rejection or disregard.

Emotional Management

The ability to identify, understand, and regulate one’s own emotions and to respond appropriately to the emotions of others.