Which One of These Changes to Credit Terms of 2/10

question 5

Multiple Choice

Which one of these changes to credit terms of 2/10, net 30 might encourage more purchasers to take the discount?

• A) A lower discount percentage
• B) A longer payment period
• C) A shorter discount period
• D)A shorter payment period

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Definitions:

Independence

The state of being self-reliant and free from outside control, or the capacity to make decisions and act on one's own behalf.

Dependence

The state of relying on or needing someone or something for aid, support, or the like.

Retirement Planning

The process of determining retirement income goals, risk tolerance, and the actions and decisions necessary to achieve those goals.

Retirement Decision Making

The process of planning and determining when and how to retire, which can involve financial, emotional, and lifestyle considerations.