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As we interact with others, we follow conventions such as treating our friends and grandmothers differently. These conventions become "the way things are," or social __________."
Variable Cost
Costs that vary directly with the level of production or volume of goods and services provided.
Monthly Interest Rate
The percentage of interest that is charged or earned on a loan, deposit, or investment over a month's period.
Cash Only Credit Policy
A credit policy where a company does not extend credit and only accepts cash payments.
Net 30 Policy
A payment term used in business transactions that requires payment to be made in full within 30 days of the invoice date.
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