William Is the Credit Manager for Timmy's Timbers,a Local Landscaping

question 127

Multiple Choice

William is the credit manager for Timmy's Timbers,a local landscaping company.Just recently,his mulch supplier noted on the invoice the terms of 3/15 net 30.What does this mean?

• A)Timmy's Timbers has to pay the invoice within 30 days. Late payment penalties are 3% if the bill is paid in less than 60 days, but they rise to 15% if payment is not made within 60 days.
• B)The entire amount is due in 30 days, but the 3% late penalty will only be imposed if payment is more than 15 days late.
• C)Timmy's Timbers Tree Farm must pay 15% of the amount due in 3 days; then the remaining 85% is due in 30 days.
• D)Timmy's Timbers will get a 3% cash discount if the balance owed to the supplier is paid within 15 days; otherwise the entire balance is due in 30 days.

Recognize the higher standards of performance and effort often expected from women in organizations.

Understand the concept of ethnocentrism and its effects on leadership and workplace dynamics.

Identify and describe the cultural dimensions as defined by the GLOBE study and other cultural theories.

Recognize the impact of cultural dimensions on organizational behavior and leadership styles.

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Definitions:

Petroleum Geologists

Scientists who specialize in studying the Earth's crust to find and develop sites where petroleum and natural gas resources can be extracted.

Oil Prices

The cost per barrel of crude oil, influenced by global supply and demand, geopolitical events, and economic factors.

Rental Apartments

Rental apartments are housing units made available for lease to tenants, providing them with a place to live in exchange for regular rent payments.

Local College

An educational institution providing higher education and tertiary education, situated close to the community it serves.