A decrease int he original sales price of an item is called a:

a) markdown
b) markup cancellation
c) markup
d) markdown cancellation

Answer: a) markdown

Business

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In ________, the variables and their relationships are stated in prose form

A) verbal models B) graphical models C) mathematical models D) technological models E) provisional models

Business

Accounts receivable is an asset representing sales made on credit

Indicate whether the statement is true or false

Business