Examlex

Solved

An Attribute That May Take on More Than One Value

question 108

Multiple Choice

An attribute that may take on more than one value for each entity instance is referred to as a:


Definitions:

Cost of Trade Credit

The effective interest rate associated with taking discounts offered by suppliers for early payment or the cost of forgoing those discounts.

Net 30

A payment term indicating that full payment is due within 30 days of the invoice date.

Terms

Conditions and parameters under which credit is extended by a lender to a borrower, including the repayment schedule, interest rate, and maturity date.

Cost of Trade Credit

The cost associated with the terms of credit extended by suppliers, including discounts for early payment and penalties for late payment.

Related Questions