The Terms 2/10, N/30 Mean That a 2% Discount Is

question 89

True/False

The terms 2/10, n/30 mean that a 2% discount is allowed on payments made over 10 days but within the credit period.

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Definitions:

Hierarchical Boundaries

The defined limits and distinctions between levels of authority and responsibility in an organization's structure.

Chief Knowledge Officer

An executive responsible for managing an organization's intellectual assets and ensuring that knowledge within the organization is effectively shared, utilized, and augmented.

Systematically Collect

The organized and methodical gathering of data, information, or facts for analysis, evaluation, or record keeping.

Online Training

A method of learning that utilizes the internet and digital platforms to impart skills and knowledge, allowing learners to engage in educational courses remotely.