The Monetary Incentive Given to Encourage Prompt Payment Is Called

question 111

Multiple Choice

The monetary incentive given to encourage prompt payment is called the:

• A) Invoice amount.
• B) Credit amount.
• C) Sale term.
• D) Receivables credit.
• E) Cash discount.

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Definitions:

Management Potential

The capacity or ability of an individual to occupy and perform effectively in managerial roles within an organization.

Special Assignment

A unique task or project given to an employee or a team that is outside their regular duties, often requiring specific skills or high levels of responsibility.

Succession Management

A strategy for identifying and developing future leaders at a company or organization.

Time Period

A duration in which events occur or conditions exist, often specified by dates.