The Time Period Within Which an Invoice May Be Paid

question 75

Multiple Choice

The time period within which an invoice may be paid early to receive a discount is called the:

• A)credit period.
• B)payment period.
• C)discount period.
• D)cash period.

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Definitions:

Rescorla-Wagner Model

A mathematical model describing how the strength of a stimulus-reinforcement association is learned and how it changes during the conditioning process.

Blocking

In learning theory, the inhibition or prevention of the association of a new stimulus with a response due to the presence of a previously conditioned stimulus.

Predictiveness Phenomena

The concept that the usefulness of a cue or signal depends on how accurately it predicts the occurrence of a future event.