A one-time reduction in list price typically offered at the time of sale is referred to as a(n):
a. allowance.
b. rebate.
c. cumulative discount.
d. noncumulative discount.
Answer: D
A one-time reduction in list price typically offered at the time of sale is referred to as a(n):
a. allowance.
b. rebate.
c. cumulative discount.
d. noncumulative discount.
Answer: D