A Discount Offered as an Inducement for Prompt Payment of an Invoice

question 27

Multiple Choice

A discount offered as an inducement for prompt payment of an invoice is called a(n) :

• A)invoice discount.
• B)purchase discount.
• C)early discount.
• D)cash discount.

---

Definitions:

IACs

An abbreviation that could stand for Internet Access Controllers, though without specific context, its precise meaning can vary.

Labor Force

Persons 16 years of age and older who are not in institutions and who are employed or are unemployed and seeking work.

Agriculture

The practice of cultivating the soil, growing crops, and raising livestock for food, fiber, and other products.

Demographic Transition

The transition from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system.