A Discount Offered as an Inducement for Prompt Payment of an Invoice

question 27

Multiple Choice

A discount offered as an inducement for prompt payment of an invoice is called a(n) :

• A)invoice discount.
• B)purchase discount.
• C)early discount.
• D)cash discount.

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Definitions:

Purely Competitive Labor Market

A resource market in which many firms compete with one another in hiring a specific kind of labor, numerous equally qualified workers supply that labor, and no one controls the market wage rate.

Rate of Unionization

The percentage of workers who are members of a union within a particular workforce or industry.

Protective Service Workers

Individuals employed in occupations that focus on public safety, law enforcement, and security services.

Job Turnover

The rate at which employees leave a workforce and are replaced by new employees.