Under Credit Terms of 1/5, Net 15, Customers Should

question 26

Multiple Choice

Under credit terms of 1/5, net 15, customers should:

• A) Always pay on the 15th day.
• B) take the discount and pay immediately.
• C) take the discount and pay on the day following the day of sale.
• D) either take the discount or pay on the 15th day.
• E) both take the discount and pay on the 15th day.

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Definitions:

Associative Learning

The process of learning in which a connection is made between two stimuli or a stimulus and a behavior, fundamental in behavioral psychology.

Stimuli

External factors or changes in the environment that influence the behavior or responses of individuals.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Behaviors Increase

A rise in the frequency or intensity of actions or mannerisms.