Internal Labor Markets Are Sometimes Called

question 42

Multiple Choice

Internal labor markets are sometimes called:

• A)seniority rules
• B)primary labor markets
• C)labor market shelters
• D)worker intake valves
• E)codetermination circles

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Definitions:

Credit Terms

The conditions under which a seller extends credit to a buyer, including payment deadlines, interest rates, and discounts for early payments.

Invoice Discount

A reduction in the billed price granted to customers, often used as an incentive for early payment.

Credit Terms

The agreement between a buyer and a seller that outlines the payment terms for goods or services, including the due date and any interest or penalties for late payment.

FOB Shipping Point

A term indicating that the buyer assumes responsibility for the goods and shipping costs once the goods leave the seller's premises.