With Increased Media Attention on the Problem of Drunk Driving

question 47

Multiple Choice

With increased media attention on the problem of drunk driving, drinkers seem to be __________________ to avoid driving while drunk.

• A) limiting drinks to a prescribed number
• B) arranging for a designated driver
• C) getting taxis
• D) delaying or avoiding driving after consuming alcohol
• E) All of these answers are correct.

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Definitions:

Discount Period

It refers to the time frame in which a discount is available for early payment under the credit terms of a transaction.

Credit Period

The time frame allowed by a creditor for a debtor to pay an outstanding bill or loan without incurring penalties or interest.

Cash Discount

An incentive offered by sellers to purchasers for paying an invoice promptly, usually defined as a percentage reduction in the invoice amount.

EOQ Model

Economic Order Quantity model; an inventory management method used to determine the optimum order quantity that minimizes the total inventory holding costs and ordering costs.