Skills Learned on the Job or Through Training Designed to Increase

question 41

Multiple Choice

Skills learned on the job or through training designed to increase your knowledge or expertise in a certain area are known as _____ skills.

• A) personal
• B) workplace
• C) transferable
• D) organizational

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Definitions:

Credit Terms

The conditions under which a seller extends credit to a buyer, including payment deadlines, interest rates, and discounts for early payments.

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.