Examlex
Which of the following are considered the five core compensation elements? (Adjustments to Core Compensation)
Credit Period
The time frame allowed by a creditor for a debtor to pay an outstanding bill or loan without incurring penalties or interest.
Cash Discount
An incentive offered by sellers to purchasers for paying an invoice promptly, usually defined as a percentage reduction in the invoice amount.
EOQ Model
Economic Order Quantity model; an inventory management method used to determine the optimum order quantity that minimizes the total inventory holding costs and ordering costs.
Shortage Costs
Costs that fall with increases in the level of investment in current assets.
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