Which of the Following Is Correct Concerning Terms of Trade

question 64

Multiple Choice

Which of the following is correct concerning terms of trade credit of 4/10,EOM,net 90?

• A) The discount period expires on the last day of the month.
• B) The invoice becomes delinquent 90 days after the last day of the month.
• C) The discount period ends on the 10^th day of the following month.
• D) The discount period ends either 10 days after invoicing or at the end of the month, whichever is earlier.

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Definitions:

Behavioral

Relating to or concerned with the actions or activities of living organisms in response to external or internal stimuli.

Situational

Related to or dependent upon a specific context, circumstances, or conditions.

Organizational Fit

The compatibility between an individual's values, skills, and behavior and the culture or requirements of an organization.

Job Offer

A proposal by an employer to a prospective employee to take up a position of employment, typically specifying the terms of employment.