When Craig Purchased a VTech Wireless Mobile Phone,he Was Able

question 126

Multiple Choice

When Craig purchased a VTech wireless mobile phone,he was able to mail in a proof-of-purchase and his cash register receipt to receive a cheque from VTech for $20.What did Craig receive?

• A) a functional discount
• B) a rebate
• C) a purchase allowance
• D) a trade allowance

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Definitions:

Staff

The group of individuals who work for an organization, contributing their skills and labor to achieve the objectives of the organization.

Practice

The act of repeatedly performing or exercising an activity or skill so as to acquire or maintain proficiency in it.

Internal Auditors

Professionals who conduct audits within an organization to assess the effectiveness, efficiency, and compliance of operational processes and controls.

Accounting Department

The division within a business that is responsible for managing the financial records, payroll, receivable and payable accounts, and financial reporting.