The Best Way to Pay the Minimum Price to a Vendor

question 7

Multiple Choice

The best way to pay the minimum price to a vendor is to take advantage of

• A)cash discounts,but not trade discounts.
• B)trade discounts,but not cash discounts.
• C)both trade discounts and cash discounts.
• D)neither discount,but to pay the invoice price on the due date.

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Definitions:

Psychologist

A psychologist is a professional who studies mental processes and behavior, often working in research, education, counseling, or clinical settings to diagnose and treat mental health issues.

Structuralism

An approach in psychology (and also in sociology and linguistics) that analyzes elements of human culture, society, and mind; it suggests that these parts of society are structured to maintain its stability.

Functionalism

A perspective in sociology and psychology that views society as a complex system whose parts work together to promote solidarity and stability.

Comparative Psychologists

Researchers who study the behaviors and mental processes of animals to understand the evolutionary and developmental underpinnings of human psychology.