In Relation to Discount Terms, What Does 2/10, N/30 Mean

question 41

Multiple Choice

In relation to discount terms, what does 2/10, n/30 mean?

• A) Invoice due on 2^nd October or 30 November
• B) 2 10ths = 20% discount, not 30%
• C) 20% discount, November 30th
• D) 2% discount to be deducted from the invoice price if payment is made within 10 days or the full amount is due within 30 days of the invoice date

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Definitions:

Social Skill

The ability to interact and communicate effectively with others in a socially appropriate manner.

Emotional Intelligence

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, empathize with others, overcome challenges, and defuse conflict.

Cross-Cultural

Relating to or comparing two or more cultures, aiming to understand their differences and similarities to enhance interactions and reduce conflicts.

Social Empathy

The ability to understand and share the feelings or attitudes of others within a social context.