A reduction in price that is offered to customers who accept slightly damaged or soiled merchandise ...

A reduction in price that is offered to customers who accept slightly damaged or soiled merchandise is referred to as
 A) a sales discount.
  B) cost of goods sold.
  C) a sales allowance.
  D) an operating expense.
  E) a sales return.

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Question 2 - Keith Smith's first year as parts manager for a local dealership was pretty rocky. To ensure that his subordinates would follow through on established goals, he warned them about losing their jobs. Keith's managerial attitude reflects assumptions underlying
 A) Theory X.
  B) Theory Y.
  C) Theory C.
  D) Theory Z.
  E) the equity theory.

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Question 3 - The CFO of SpotLight Production Company requests his accountant Felipe to prepare a customized report of the cost overruns at the company's production facility in L.A. Felipe is a managerial accountant.
 
 Indicate whether the statement is true or false