Adopting Performance Standards Such as CALEA's Internationally Accepted Accreditation Program

question 135

True/False

Adopting performance standards such as CALEA's internationally accepted accreditation program can reduce the risk of being sued.

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Definitions:

Prepaid Freight

Costs paid by a shipper in advance for shipment of goods, indicating that the sender bears the freight charges.

Cash Discount

A reduction in the invoice price offered to buyers as an incentive for early payment.

Wholesalers

Companies that sell merchandise to other businesses rather than to the public.

Credit Terms

Terms for payment on account by the buyer to the seller.