Examlex
What are reliability and validity in the context of selection tools?
Net 45
A payment term indicating that the full payment is due 45 days from the invoice date.
Credit Terms
The conditions under which a seller extends credit to a buyer, detailing the repayment time frame, interest rate, and penalties for late payment.
Cost of Goods Sold
The direct expenses related to the manufacture of the goods a company sells, encompassing both costs of materials and labor.
Inventory
Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials to be consumed in the production process.
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