Ms Thomas Has Received an Invoice from the Manufacturer for Which

question 6

Multiple Choice

Ms. Thomas has received an invoice from the manufacturer for which she distributes products. The invoice states credit terms of 3/10, net/30. Puzzled by this, she calls on you to explain. You indicate that the notation 3/10 means that

• A) she may take a 30 percent discount if she pays the invoice within three days.
• B) she must pay the entire amount in three days.
• C) after three days, she must pay the new amount in ten days.
• D) her line of credit is equivalent to three-tenths of the dollar value of her business.
• E) she may take a 3 percent discount if she pays the invoice within ten days.

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Definitions:

Social Skills

The abilities that facilitate interaction and communication with others, allowing for effective participation in social settings.

Emotional Maturity

The ability to understand, manage, and express one’s emotions in a healthy and productive manner.

Laissez-Faire Leadership

A leadership style characterized by minimal managerial interference, where team members have the freedom to make decisions and solve problems on their own.

Retention of Authority

Refers to maintaining control or command over decisions and resources within an organization or over certain areas of decision-making.