In the Context of Credit Terms,2/10,n/30 Indicates a Discount of Two-Tenths

question 12

True/False

In the context of credit terms,2/10,n/30 indicates a discount of two-tenths from a bill if it is paid within 30 days.

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Definitions:

Articular Processes

Protrusions of vertebrae that form synovial joints with adjacent vertebrae, enabling spinal flexibility and restrict certain movements to prevent injury.

Plane Joint

A type of synovial joint that allows sliding movements, as seen between the carpal bones of the wrist.

Vertebrae

The individual bones that make up the vertebral column (spine), providing structural support and protecting the spinal cord.

Bowing Head

A physical gesture of lowering the head and torso slightly as a sign of respect, submission, or acknowledgment.