The Term Unfit Fitness Refers to a Situation in Which

question 64

True/False

The term unfit fitness refers to a situation in which employees of a firm have the wrong skills for the current environment.

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Definitions:

Short-Term Credit

A type of financing or line of credit that is designed to be repaid within a short period, typically less than one year, used for immediate cash flow needs.

Credit Terms

These are the payment conditions imposed by the seller on the buyer, including payment deadline, discount for early payment, and penalty for late payment.

Discount Period

The time frame between the purchase of a bill or note and its maturity date, during which the bill is discounted from its face value.