Match the Following Terms with Their Definitions

question 14

Multiple Choice

Match the following terms with their definitions.
-Amount of trade discount

• 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:

Privatization

The act of moving control and ownership of a corporation, institution, agency, or governmental service from public authorities to private sector entities.

Military Functions

The roles and responsibilities of the armed forces, including defense, deterrence, and support in national emergencies.

For-profit Corporations

Businesses that operate with the primary goal of earning profit for their owners or shareholders.

Communism

An economic system where the state is the sole owner of the systems of production.