Match the Following Terms with Their Definitions

question 121

Multiple Choice

Match the following terms with their definitions.
-Single equivalent discount rate

• 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

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Definitions:

Obedience Studies

Research endeavors focused on understanding how and why individuals comply with commands or instructions from authority figures.

Great-Person Theory

A theory of leadership that suggests history is shaped by the actions of extraordinary leaders.

Social Factors

Elements within society that influence the behavior, attitudes, and preferences of individuals.

Risky Shift

A phenomenon in group decision-making processes where groups tend to make riskier decisions than individuals.