A deduction from a bill made by a retailer due to such infractions as late shipping or improper labeling is called a _____.
A)penalty
B)liquidated damage
C)chargeback
D)holdback

Question

Quizplus · Accepted Answer

A chargeback is a deduction from a bill made by a retailer due to such infractions as late shipping or improper labeling. Penalties and liquidated damages refer to specific types of financial consequences for contract violations, and a holdback is a type of payment retention in construction contracts.

A Deduction from a Bill Made by a Retailer Due