If an Invoice Shows a Total of $3,500 with Terms

question 88

True/False

If an invoice shows a total of $3,500 with terms 3/15, n/30, the customer may pay $3,395 within 30 days to satisfy the bill.

---

Definitions:

Neo-Freudian

Refers to psychologists who accepted Freud's basic theory of psychoanalysis but modified and expanded upon it in various ways, particularly concerning social and cultural factors.

Humanistic

Pertaining to a psychological perspective which emphasizes an individual's inherent drive towards self-actualization and creativity.

TEMAS Multicultural

A therapeutic approach or assessment tool designed to be culturally sensitive and appropriate for individuals from diverse backgrounds.

Rorschach Test

A psychological test in which subjects' perceptions of inkblots are analyzed to determine their emotional or psychological functioning.