"Net 30" on a Payment Invoice Means ____

question 50

Multiple Choice

"Net 30" on a payment invoice means ____.

• A) you have 30 days in which to pay the order in full
• B) 30 of the items in the order will be sent
• C) 30% will be charged if the payment is not paid in full on receipt
• D) 3% will be deducted when more than one item is ordered
• E) 30 of the items in the order have been backordered

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Definitions:

Utilitarianism

A philosophical concept that holds the best action is the one that maximizes utility, generally defined as that which produces the greatest well-being of the greatest number of people.

Deontology

An ethical theory that suggests actions are morally right because of their characteristics, not just their outcomes, emphasizing duties and rules.

Decision Making

The process of making choices or reaching conclusions, especially when preferences are considered among a range of potential options.

Traditional Corporation

A conventional business entity focused on profitability and growth, characterized by hierarchical organization and shareholder ownership.