In the Business World We Need to Be Able to Measure

question 73

Multiple Choice

In the business world we need to be able to measure ________ performance and predict ________ performance if we want to deliver positive results.

• A)past; future
• B)past; present
• C)present; future
• D)present; past

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Definitions:

Terms n/30

Payment terms indicating that an invoice must be paid within 30 days, where "n" stands for "net".

Perpetual Inventory System

An accounting method that records inventory purchases or sales in real-time through the use of computerized systems.

Invoice Payment

Invoice Payment refers to the process of paying off the amount owed for goods or services received, as documented by an invoice issued by the supplier or service provider.

Discount Period

The time period during which a payment can be made at a discounted rate before the full amount becomes due.