A Form of Credit Term Is 3 / 15, 2

question 89

Multiple Choice

A form of credit term is 3 / 15, 2 / 25, N / 40, which means:
I. a 3% discount is allowed if the invoice is paid within 15 days of the invoice date
II. a 2% discount is allowed if the invoice is paid within 25 days of the invoice date
III. a partial payment will not be accepted after the 25th day following the invoice date

• A) both I and II
• B) I only
• C) III only
• D) II only

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Definitions:

Lowest Level Of Fitness

The minimal physical condition or capacity required for an individual to engage in daily activities without experiencing undue fatigue or physical stress.

Playing Baseball

Engaging in a bat-and-ball game played between two teams who take turns batting and fielding.

Swimming Laps

Swimming laps involves repeatedly swimming back and forth across the pool, commonly used as a form of exercise or training.

Running

Running is a form of aerobic exercise involving rapid foot movement to advance the body quickly on foot, commonly practiced for physical fitness, competition, and leisure.