The Following Terms Appeared on an Invoice Dated May 20

question 85

Multiple Choice

The following terms appeared on an invoice dated May 20 which was sent by a manufacturer to a retail store: 2/10, net 30. The amount of the invoice was $2,000. Assuming the retailer paid the invoice on May 30 (10 days after the products were delivered) , how much should he have paid?

• A) $1,900
• B) $1,800
• C) $2,000
• D) $1,960
• E) $2,040

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Definitions:

Developing Employees

The process of enhancing the capabilities and capacities of employees through various forms of learning and development activities.

Managerial Success

The achievement of desired managerial outcomes, such as reaching targets, optimizing resources, and effectively leading teams.

Luthans

Refers to Fred Luthans, an influential scholar in the field of organizational behavior, known for his work on positive organizational behavior.

Successful Managers

Individuals who achieve desired outcomes and objectives through effective planning, organization, leadership, and control of resources and teams.