Which One of the Following Statements Is Correct If You

question 71

Multiple Choice

Which one of the following statements is correct if you purchase an item with credit terms of 1/5, net 15?

• A)If you pay within 1 day, you will receive a 5 percent discount.
• B)If you pay within 5 days, you will receive a 1 percent discount.
• C)If you do not pay within 15 days, you will be charged interest at a 1.5 percent monthly rate.
• D)If you pay within 15 days, you will receive a 1/5th percent discount.
• E)You must pay the discounted amount within 15 days.

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Definitions:

Human Resources Forecasting

Estimating future HR requirements and availabilities, considering factors such as organizational growth, technological advances, and economic trends, to align workforce planning with strategic goals.

Validity And Reliability

Criteria used to evaluate the accuracy (validity) and consistency (reliability) of a research method or measurement tool.

Quantitative Model

A mathematical model that utilizes quantitative data to forecast or make decisions, often used in finance, operations, and strategic planning.

Mathematical Algorithm

A finite sequence of well-defined instructions typically used to solve a class of specific problems or to perform a computation.