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Technician A says engine load can be monitored electronically through the various electronic sensors that send information to a TCM. Technician B says the most commonly used load sensor is a VSS. Who is correct?
Invoice Discount
A reduction in the billed price granted to customers, often used as an incentive for early payment.
Credit Terms
The agreement between a buyer and a seller that outlines the payment terms for goods or services, including the due date and any interest or penalties for late payment.
FOB Shipping Point
A term indicating that the buyer assumes responsibility for the goods and shipping costs once the goods leave the seller's premises.
Perpetual Inventory
An inventory management system where updates are made continuously to reflect items added or sold, providing a real-time view of inventory levels.
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