A Deduction from List Price for Purchasing Large Quantities Aggregated

question 53

Multiple Choice

A deduction from list price for purchasing large quantities aggregated over a stated period of time is a

• A) noncumulative quantity discount.
• B) additive cash discount.
• C) cumulative quantity discount.
• D) cumulative discount allowance.
• E) additive quantity reduction.

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Definitions:

Temporary Assistance

Temporary Assistance often refers to government-provided financial aid or welfare programs aimed at helping those in immediate financial need on a short-term basis.

Food Stamps

A government-provided voucher program, now commonly known as the Supplemental Nutrition Assistance Program (SNAP), designed to help low-income individuals and families afford food.

Contributory

Relating to or involving contributions; in the context of social security or insurance, it refers to systems where benefits are contingent upon the beneficiary's prior contributions.

Noncontributory

A social welfare program that does not require participants to have contributed to a specific fund in order to receive benefits from it.