The Dress Barn offered its customers a reduction in price on some clothing items that were slightly faded from being in the window at the front of the store. This reduction is called a
A) cost of goods sold.
B) sales allowance.
C) sales return.
D) sales discount.
E) sales bargain.
Question 2 - All of the following are characteristics of McGregor's Theory X except
A) people have the ability to help accomplish an organization's goals.
B) people dislike work and try to avoid it.
C) managers must coerce, control, and threaten employees.
D) people must be led because they have little ambition.
E) people are concerned mainly with security.
Question 3 - The heavy reliance on accounting information by business stakeholders has led to it sometimes being called the:
A) language of business.
B) cornerstone of business.
C) lifeblood of business.
D) standard of business.
Question 4 - When Alyssa decides that she no longer wants her Radio Shack stock, she will discover that a related benefit of a corporation is
A) the ease of transfer of ownership.
B) its perpetual life.
C) limited liability.
D) specialized management.
E) avoiding double taxation.
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