When a Customer of Vegas Sign Company Chooses to Pay

question 14

Multiple Choice

When a customer of Vegas Sign Company chooses to pay immediately on delivery rather than wait to be billed in 30 days,the buyer receives a 5 percent discount.This 5 percent discount is an example of a:

• A) quantity discount
• B) cash discount
• C) rebate
• D) functional discount
• E) promotional allowance

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Definitions:

Same Direction

Refers to variables moving in unison, either increasing or decreasing together.

NASCAR

The National Association for Stock Car Auto Racing, a sanctioning body for multiple auto-racing sports events.

Organic Produce

Refers to fruits, vegetables, grains, and other agricultural products that have been grown without the use of synthetic pesticides, fertilizers, genetically modified organisms (GMOs), sewage sludge, or ionizing radiation.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together.