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:

Influence Process

Involves methods or strategies used to sway the beliefs, opinions, or actions of others within organizational settings.

Personal Identification

The psychological process by which an individual aligns with certain groups, values, or ideologies, shaping their sense of self.

Influence Attempt

An effort made by a person or group to affect or change someone else's opinions, behavior, or decisions.

Ingratiation

A psychological technique wherein an individual attempts to become more appealing to others through flattery or other forms of manipulation.