Across Australia in 2005, ________________ Percent of Aboriginal Young Adults

question 7

Multiple Choice

Across Australia in 2005, ________________ percent of Aboriginal young adults were economically inactive (i.e. not employed, even part time, and not studying) as compared with 11 percent of that age group in Australia in general.

• A) 30
• B) 40
• C) 20
• D) 10

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Definitions:

Credit Terms

The agreements between buyers and sellers that stipulate payment amounts and due dates, often including discounts for early payment or penalties for late payment.

Net 30

A payment term indicating that the full payment is due within 30 days of the invoice date.

Economic Order Quantity

A formula used in inventory management to determine the optimal order size that minimizes the total holding costs and ordering costs.