Do Businesses Use Social Networking Systems

question 23

Multiple Choice

Do businesses use social networking systems?

• A) Not during business hours or with organizational systems
• B) Contemporary businesses provide space in their systems for socializing but time and space is limited and monitored
• C) Yes, to connect to influential people from outside your immediate environment or organization
• D) Social networking systems are an emerging technology whose potential is still unknown

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Definitions:

Discount Date

The last day on which a cash discount may be taken. The day on which a note is discounted (sold).

Due Date

The final day an invoice is to be paid. After that day the buyer may be charged interest. Also, the date by which a loan is to be repaid.

Remittance

Amount that a buyer actually pays after deducting a cash discount.

Discount Period

A certain number of days after the invoice date, during which a buyer may receive a cash discount. The time between a note’s discount date and its maturity date.