On January 21,2019,Cressent,Inc

question 61

Multiple Choice

On January 21,2019,Cressent,Inc.received merchandise from Neptune,Inc.On that date,Cressent found a few of these goods to be damaged.On January 22,Cressent returned the damaged goods to the seller.Such returns will be treated as ________ by Cressent.

• A)purchase returns
• B)sales returns
• C)purchase allowances
• D)sales allowances

Recognize the impact of uncertainty and risk on the decision-making process.

Comprehend the classical and behavioral models of decision-making.

Understand the concept of bounded rationality and its implication on decision-making.

Identify the importance of ethical considerations in decision-making.

---

Definitions:

Velocity

In economic terms, the rate at which money is exchanged from one transaction to another and how much a unit of currency is used in a given period.

Money Supply

Money Supply refers to the total amount of monetary assets available in an economy at any specific time, including cash, coins, and balances held in checking and savings accounts.

M Rises

This term is unclear without context, but could refer to an increase in a specific variable "M" in mathematical, economic, or other models.

Percentage Rise

A measure of how much a quantity increases over a period, expressed as a percentage of the initial value.