Which Statement Is True About Terms of Trade Credit of 2/10,net

question 101

Multiple Choice

Which statement is true about terms of trade credit of 2/10,net 30?

• A) A 10% cash discount is offered for payment before 30 days.
• B) A 2% cash discount can be taken for payment before the 10^th of the following month.
• C) A 10% cash discount can be taken if paid by the second day after invoicing.
• D) No cash discount is offered after the eleventh day.

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Definitions:

High Collectivism

A social pattern in which individuals prioritize the goals and well-being of the group over personal goals or desires.

Power Distance

A cultural dimension that reflects the degree to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

Consensus-Oriented

A decision-making process that seeks widespread agreement and support among all stakeholders or group members.

Status

The relative social, professional, or other standing of someone or something, often influencing respect, influence, and access to resources or opportunities.