Which One of the Following Statements Is Correct If You

question 271

Multiple Choice

Which one of the following statements is correct if you purchase an item with credit terms of 2/5, net 15?

• A) If you pay within two days, you will receive a 5 percent discount.
• B) If you pay within 2 to 5 days, you will receive a 15 percent discount.
• C) If you do not pay within 5 days, you will be charged interest at a 15 percent annual rate.
• D) If you pay within 5 days, you will receive a 2 percent discount.
• E) You must pay the discounted amount within 15 days.

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Definitions:

Sculptural Decoration

An embellishment or adornment of a building or object with sculpture, adding artistic elements and details through three-dimensional forms.

Notre-Dame At Fontenay

Refers to the Cistercian Abbey of Notre-Dame at Fontenay in Burgundy, France, a prime example of Romanesque monastic architecture from the 12th century.

Insurance

A financial product or agreement where an individual or entity receives financial protection or reimbursement against losses from an insurance company.

Inherent Risks

Risks that exist naturally within a project or activity, regardless of any mitigating strategies.