Discounts Offered to Encourage Early Payment Are Called ____ Discounts

question 106

Multiple Choice

Discounts offered to encourage early payment are called ____ discounts.

• A) trade
• B) cash
• C) wholesale
• D) quantity
• E) preferential

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Definitions:

Confidentiality

The obligation not to share or disclose private information to unauthorized parties.

Breach

The violation or breaking of a law, duty, or agreement, which can give rise to legal action or consequences.

Client Confidentiality Rule

Legal and ethical obligation of professionals to keep information related to a client secret unless given permission to disclose.

Financial Condition

The status of an individual's or organization's financial health and stability, often assessed through analysis of assets, liabilities, income, and expenditures.