Match the Following Terms with Their Definitions

question 55

Multiple Choice

Match the following terms with their definitions.
-2/10, EOM (before 25^th)

• A)Criteria on invoice
• B)Seller pays cost of freight
• C)Could be calculated by table look-up
• D)Savings from early payment
• E)Cash discount within first 10 days in next month after sale
• F)Amount of time to take advantage of a cash discount
• G)Discount period begins when goods are received
• H)100% less stated percent
• I)List price minus amount of trade discount
• J)Time period sellers give buyers to pay invoices
• K)1 - net price equivalent rate
• L)Buyer pays cost of freight
• M)Actual cost to buyer per dollar
• N)2/10, n/30
• O)Two or more trade discounts
• P)List price minus net price
• Q)Suggested retail price

---

Definitions:

Rules

Established guidelines or instructions that govern the behavior or procedures within a specific context or environment.

Contingency Planning

The process of preparing for potential future events or emergencies, particularly those that could disrupt normal operations.

Natural Disasters

Severe, catastrophic events caused by natural processes of the Earth, such as earthquakes, hurricanes, and floods, that can lead to significant damage and loss of life.

Reroute Trains

The process of changing the predetermined path or direction of train services due to operational, safety, or construction reasons.