If You Visit an Automobile Company's Website and Click Around

question 20

Multiple Choice

If you visit an automobile company's website and click around to change the color of the car or give it leather seats, you are engaging in ________:

• A) collaborative content creation
• B) crowdfunding at its best
• C) altruism toward the company
• D) an implicit product endorsement

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Definitions:

Sales Returns and Allowances

Transactions where customers return goods or receive discounts due to issues, reducing total sales revenue.

Contra-Revenue Accounts

Accounts that are used to record reductions in gross revenue, such as sales returns and allowances, and discounts.

Sales Discount

A reduction in price given by a seller to a buyer, often to encourage prompt payment.

Sales Tax Payable

A liability account used to keep track of sales tax that has been collected from customers but not yet remitted to the government.