The Earliest Explanation of Abnormal Behaviour Was That Disturbed People

question 180

Multiple Choice

The earliest explanation of abnormal behaviour was that disturbed people

• A) were possessed by evil spirits or demons.
• B) acted oddly by their own free will.
• C) had biological imbalances.
• D) came from dysfunctional families.

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Definitions:

Terms 2/10, N/30

Payment terms indicating that a buyer can take a 2% discount if the bill is paid within 10 days, with the net amount due in 30 days.

Net Method

An accounting technique where discounts for early payment are assumed to be taken, reducing the amount recorded as accounts receivable.

Periodic Inventory System

An inventory valuation method where the inventory count and cost of goods sold is determined at the end of the accounting period.

Terms 4/15, N/60

A commercial credit term indicating that a 4% discount is available if paid within 15 days, with the net (full) amount due within 60 days.