The Credit Terms Offered to a Customer by a Business

question 200

Multiple Choice

The credit terms offered to a customer by a business firm are 2/10, n/30, which means that

• A)the customer must pay the bill within 10 days.
• B)the customer can deduct a 2% discount if the bill is paid between the 10th and 30th day from the invoice date.
• C)the customer can deduct a 2% discount if the bill is paid within 10 days of the invoice date.
• D)two sales returns can be made within 10 days of the invoice date and no returns thereafter.

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Definitions:

Flashbulb Memory

Highly detailed and vivid memory of the circumstances surrounding a particularly shocking or emotional event.

Memory Consolidation

The method through which transient memories become long-term, ensuring their stability and permanence.

Priming

The process by which exposure to one stimulus influences the response to a subsequent stimulus, without conscious guidance.

LTP

Long-Term Potentiation, a long-lasting enhancement in signal transmission between two neurons that results from stimulating them simultaneously.