MsThomas Has Received an Invoice from the Manufacturer for Which

question 79

Multiple Choice

Ms.Thomas has received an invoice from the manufacturer for which she distributes products.The invoice states credit terms of 3/10, net/30.Puzzled by this, she calls on you to explain.You indicate that the notation 3/10 means that

• A) she may take a 30 percent discount if she pays the invoice within three days.
• B) she must pay the entire amount in three days.
• C) after three days, she must pay the new amount in ten days.
• D) her line of credit is equivalent to three-tenths of the value of her business.
• E) she may take a 3 percent discount if she pays the invoice within ten days.

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Definitions:

Impression Management

The process in which individuals attempt to control the perceptions of other people about them.

Perceptual Distortion

A cognitive bias that affects the way individuals perceive reality, often leading to misinterpretations or inaccurate judgments.

Projecting

Projecting involves transferring one's own feelings, thoughts, or attributes onto another person or group, often unconsciously.

Selective Attention

The process of focusing on a specific aspect of information while simultaneously ignoring other irrelevant information.