The Terms "2/10,n/30" Mean That a 2 Percent Discount Is

question 127

True/False

The terms "2/10,n/30" mean that a 2 percent discount is allowed on payments made before 10 days after the invoice date.

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Definitions:

Job Specifications

A detailed description of the qualifications, skills, experience, and attributes required for a particular job role.

Job Evaluation Systems

Methodologies used by organizations to assess the relative worth of jobs within the company, to ensure fair compensation.

Job Analysis

A systematic examination of a job to identify its component tasks, responsibilities, and the necessary skills, knowledge, and abilities for performance.

Red-Circling

A practice where an employee's pay is frozen or maintained at a high rate, despite the position's salary range being reduced or the employee moving to a lower-paid position.