Exam Question
A cash discount may best be defined as
- 1) a reduction in price if payment is made within the specified time period
- 2) a discount offered to critical suppliers
- 3) a discount applied to volume sales
- 4) a discount or the repayment of the firm’s debt
View Answer
Answer 1) a reduction in price if payment is made within the specified time period
Practice set and Exam Quiz
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